Cyber Enviro-Tech (Cyber Enviro-Tech) Cash And Cash Equivalents : $0.21 Mil (As of Mar. 2024)

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What is Cyber Enviro-Tech Cash And Cash Equivalents?

Cyber Enviro-Tech's quarterly cash and cash equivalents declined from Sep. 2023 ($0.54 Mil) to Dec. 2023 ($0.24 Mil) but then stayed the same from Dec. 2023 ($0.24 Mil) to Mar. 2024 ($0.21 Mil).

Cyber Enviro-Tech's annual cash and cash equivalents declined from Dec. 2021 ($0.32 Mil) to Dec. 2022 ($0.30 Mil) and declined from Dec. 2022 ($0.30 Mil) to Dec. 2023 ($0.24 Mil).

Cyber Enviro-Tech Cash And Cash Equivalents Historical Data

The historical data trend for Cyber Enviro-Tech'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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Cyber Enviro-Tech Cash And Cash Equivalents Chart

Cyber Enviro-Tech Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.32

0.30

0.24

Cyber Enviro-Tech Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.23	0.15	0.54	0.24	0.21

Cyber Enviro-Tech 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.

Cyber Enviro-Tech (OTCPK:CETI) 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.

Cyber Enviro-Tech Cash And Cash Equivalents Related Terms

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Cyber Enviro-Tech (Cyber Enviro-Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cyber Enviro-Tech Inc (OTCPK:CETI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

6991 East Camelback Road, Suite D-300, Scottsdale, AZ, USA, 85251

Website

https://www.cyberenviro.tech

Cyber Enviro-Tech Inc is a water science technology company that designs water purification and cyber solutions for commercial applications and industries. The company manufacture and sell water filtration, desalination, and oil separation systems. It serves Oil and Gas; Dairy Farms and Feedlots; Agriculture; Mining and other industries.