COSOL (ASX:COS) Cash And Cash Equivalents : A$3.6 Mil (As of Dec. 2024)

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What is COSOL Cash And Cash Equivalents?

COSOL's quarterly cash and cash equivalents declined from Dec. 2023 (A$6.71 Mil) to Jun. 2024 (A$6.62 Mil) but then stayed the same from Jun. 2024 (A$6.62 Mil) to Dec. 2024 (A$3.65 Mil).

COSOL's annual cash and cash equivalents declined from Jun. 2022 (A$6.22 Mil) to Jun. 2023 (A$4.57 Mil) but then increased from Jun. 2023 (A$4.57 Mil) to Jun. 2024 (A$6.62 Mil).

COSOL Cash And Cash Equivalents Historical Data

The historical data trend for COSOL'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.

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COSOL Cash And Cash Equivalents Chart

COSOL Annual Data

Trend

Sep19

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

5.37

4.18

6.22

4.57

6.62

COSOL Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial				6.22	4.57	6.71	6.62	3.65

COSOL 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.

COSOL (ASX:COS) 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.

COSOL Cash And Cash Equivalents Related Terms

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COSOL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSOL Ltd (ASX:COS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

490 Adelaide Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.cosol.global

COSOL Ltd operates in the Information Technology(IT) and business services industry and provides EAM (enterprise asset management) related solutions and infrastructure-focused systems. It offers services such as digital business solutions which include business process and strategic reviews, implementation of enterprise resource planning (ERP)/EAM solutions, data migration, and ongoing support services to clients. The company's revenue is generated from EAM/ERP support services; data migration, and legacy data services. Its geographical segment includes COSOL Asia Pacific and COSOL North America. The company derives a majority of its revenue from the Asia Pacific region.

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