Enlitic (ASX:ENL) Cash And Cash Equivalents : A$11.30 Mil (As of Dec. 2024)

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What is Enlitic Cash And Cash Equivalents?

Enlitic's quarterly cash and cash equivalents declined from Dec. 2023 (A$16.57 Mil) to Jun. 2024 (A$6.47 Mil) but then increased from Jun. 2024 (A$6.47 Mil) to Dec. 2024 (A$11.30 Mil).

Enlitic's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Dec. 2023 (A$16.57 Mil) but then declined from Dec. 2023 (A$16.57 Mil) to Dec. 2024 (A$11.30 Mil).

Enlitic Cash And Cash Equivalents Historical Data

The historical data trend for Enlitic'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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Enlitic Cash And Cash Equivalents Chart

Enlitic Annual Data

Trend

Dec23

Dec24

Cash And Cash Equivalents

16.57

11.30

Enlitic Semi-Annual Data
	Dec23	Jun24	Dec24
Cash And Cash Equivalents	16.57	6.47	11.30

Enlitic 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.

Enlitic (ASX:ENL) 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.

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Enlitic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Enlitic Inc (ASX:ENL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

2510 East Harmony Road, Suite 202, Fort Collins, CO, USA, 80528

Website

https://www.enlitic.com

Enlitic Inc is the AI-enabled healthcare revolution. The company has developed an intelligent data framework that powers critical workflows, orchestrates data, and enables greater comprehension of what information resides in archives thereby unlocking new revenue opportunities, generating cost savings, and improving healthcare delivery. It provides solutions for Radiologists, IT Professionals, Executives, and Researchers. The Group has two operating segments: Software includes intelligently managing healthcare data using the power of artificial intelligence to expand capacity and improve clinical workflows, etc; and Migration services Transfer large volumes of imaging data to allow for the smooth transition of software solutions for healthcare vendors and providers and Migration services.

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