Coro Global (Coro Global) Cash And Cash Equivalents : $0.77 Mil (As of Jun. 2021)

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What is Coro Global Cash And Cash Equivalents?

Coro Global's quarterly cash and cash equivalents increased from Dec. 2020 ($0.58 Mil) to Mar. 2021 ($1.51 Mil) but then stayed the same from Mar. 2021 ($1.51 Mil) to Jun. 2021 ($0.77 Mil).

Coro Global's annual cash and cash equivalents increased from Dec. 2018 ($0.22 Mil) to Dec. 2019 ($0.47 Mil) and increased from Dec. 2019 ($0.47 Mil) to Dec. 2020 ($0.58 Mil).

Coro Global Cash And Cash Equivalents Historical Data

The historical data trend for Coro Global'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.

Coro Global Cash And Cash Equivalents Chart

Coro Global Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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0.01

0.22

0.47

0.58

Coro Global Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.08	1.40	0.58	1.51	0.77

Coro Global 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.

Coro Global (OTCPK:CGLO) 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.

Coro Global Cash And Cash Equivalents Related Terms

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Coro Global (Coro Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coro Global Inc (OTCPK:CGLO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 500, Miami, FL, USA, 33130

Website

https://www.coro.global

Coro Global Inc is a fintech company that is creating a new financial payment system where gold can be used as money in everyday transactions as easily as fiat currencies. Coro's platform is powered by Distributed Ledger Technology, allowing customers to send and receive global payments and exchange currency, including gold, seamlessly and securely.

Executives

John R Bason	director	C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
William R Cullen	director	1899 WYNKOOP STE 600 DENVER CO 80202
Anthony Paquin	director	C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
Hauser Milton	director, 10 percent owner, officer: President, CEO	2 RIDGEDALE AVENUE SUITE 217 CEDER KNOLLS NJ 07927
Vantage Holding Ltd.	10 percent owner	67 WALL STREET SUITE 2211 NEW YORK NY 10005
Eric Rosenfeld	officer: Chief Technical Officer	2 RIDGEDALE AVENUE, SUITE 271 CEDER KNOLLS NJ 07927
David Dorrance	officer: VP - Digital Imaging	2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927

Coro Global (Coro Global) Headlines

From GuruFocus

Coro Global Responds to Recent Request for a Special Meeting of Stockholders

By GlobeNewswire GlobeNewswire • 10-01-2021

Coro Global Inc. to Present at the virtual Fall Investor Summit on November 16th-18th

By ACCESSWIRE ACCESSWIRE • 11-12-2020

Coro Global Inc. Annual Shareholder Meeting Rescheduled to April 11, 2022

By GuruFocusNews GuruFocusNews • 03-25-2022

Coro Global Inc. Expects to Return to Operations in 2022

By GuruFocusNews GuruFocusNews • 12-22-2021

Coro Global Inc. Annual Shareholder Meeting Rescheduled to April 11, 2022

By GlobeNewswire GlobeNewswire • 03-25-2022

Coro Global Inc. Notice of Annual Shareholder Meeting

By GuruFocusNews GuruFocusNews • 03-03-2022

Former Independent Directors of Coro Global Inc. Issue Open Letter to Stockholders in Connection with Upcoming Annual Meeting

By GuruFocusNews GuruFocusNews • 04-05-2022