CLPMF (Clip Money) Cash And Cash Equivalents : $2.00 Mil (As of Dec. 2024)

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What is Clip Money Cash And Cash Equivalents?

Clip Money's quarterly cash and cash equivalents increased from Jun. 2024 ($2.29 Mil) to Sep. 2024 ($3.44 Mil) but then stayed the same from Sep. 2024 ($3.44 Mil) to Dec. 2024 ($2.00 Mil).

Clip Money's annual cash and cash equivalents increased from Dec. 2022 ($1.49 Mil) to Dec. 2023 ($6.15 Mil) but then declined from Dec. 2023 ($6.15 Mil) to Dec. 2024 ($2.00 Mil).

Clip Money Cash And Cash Equivalents Historical Data

The historical data trend for Clip Money'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.

Clip Money Cash And Cash Equivalents Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

0.96

1.49

6.15

2.00

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial										6.15	4.11	2.29	3.44	2.00

Clip Money 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.

Clip Money (OTCPK:CLPMF) 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.

Clip Money Cash And Cash Equivalents Related Terms

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Clip Money Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based company principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. A network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. The company has one operating segment, which is providing a proprietary deposit network to businesses located across North America. The company combines functional hardware, an intuitive mobile app, and a cloud-based transaction engine that maximizes business banking transactions. It also facilitates mobile change orders, which are fully insured and shipped within one to two business days.