CHMX (Next-ChemX) Cash And Cash Equivalents : $0.04 Mil (As of Sep. 2024)

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What is Next-ChemX Cash And Cash Equivalents?

Next-ChemX's quarterly cash and cash equivalents declined from Mar. 2024 ($0.10 Mil) to Jun. 2024 ($0.00 Mil) but then increased from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.04 Mil).

Next-ChemX's annual cash and cash equivalents increased from Dec. 2021 ($0.01 Mil) to Dec. 2022 ($0.03 Mil) but then declined from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.00 Mil).

Next-ChemX Cash And Cash Equivalents Historical Data

The historical data trend for Next-ChemX'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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Next-ChemX Cash And Cash Equivalents Chart

Next-ChemX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.05

0.01

0.03

Next-ChemX Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.06	-	0.10	-	0.04

Next-ChemX 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.

Next-ChemX (OTCPK:CHMX) 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.

Next-ChemX Cash And Cash Equivalents Related Terms

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Next-ChemX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next-ChemX Corp (OTCPK:CHMX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1980 Festival Plaza Drive, Summerlin South 300, Las Vegas, NV, USA, 89135

Website

https://www.next-chemx.com

Next-ChemX Corp owns a Novel Membrane-Based Ion Extraction Technology called NCX technology, that economically extracts ions from solutions that are in very low concentrations. The company's extraction technology allows a continuous transfer without high pressure, temperature, or electrolysis as it mimics biological processes found in nature. Currently, The company is developing commercial pilot plant systems in its laboratory for a wide range of extraction applications that it intends to market Internationally.

Executives

Majendie Dominic John George Gordon	officer: VP Business Development	FLAT 93, YAROSLAVIV VAL 14D, KYIV 2H 01034
Benton H Wilcoxon	director, officer: CEO
John Michael Johnson	director, officer: President	20 LEA LEA PL., MAKAWAO HI 96768
Next-chemx Corp./tx	10 percent owner, officer: CEO	1111 W 12TH ST., #113, AUSTIN TX 78703
Nikolai Meerovich Kocherginsky	10 percent owner	NEXT-CHEMX CORPORATION,, 60 HAZELWOOD DRIVE, #146, CHAMPAIGN IL 61820

Next-ChemX Headlines

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