Abaxx Technologies (Abaxx Technologies) Cash And Cash Equivalents : $18.76 Mil (As of Dec. 2023)

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What is Abaxx Technologies Cash And Cash Equivalents?

Abaxx Technologies's quarterly cash and cash equivalents increased from Jun. 2023 ($1.02 Mil) to Sep. 2023 ($1.13 Mil) and increased from Sep. 2023 ($1.13 Mil) to Dec. 2023 ($18.76 Mil).

Abaxx Technologies's annual cash and cash equivalents declined from Dec. 2021 ($15.12 Mil) to Dec. 2022 ($3.37 Mil) but then increased from Dec. 2022 ($3.37 Mil) to Dec. 2023 ($18.76 Mil).

Abaxx Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Abaxx Technologies's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Abaxx Technologies Cash And Cash Equivalents Chart

Abaxx Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.30

6.92

15.12

3.37

18.76

Abaxx Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial													3.37	3.91	1.02	1.13	18.76

Abaxx Technologies Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Abaxx Technologies (OTCPK:ABXXF) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Abaxx Technologies Cash And Cash Equivalents Related Terms

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Abaxx Technologies (Abaxx Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abaxx Technologies Inc (OTCPK:ABXXF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

36N:Germany ABXX:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.abaxx.tech

Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

Abaxx Technologies (Abaxx Technologies) Headlines

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