Change Financial (Change Financial) Cash And Cash Equivalents : $3.15 Mil (As of Dec. 2023)

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What is Change Financial Cash And Cash Equivalents?

Change Financial's quarterly cash and cash equivalents increased from Dec. 2022 ($2.80 Mil) to Jun. 2023 ($5.35 Mil) but then stayed the same from Jun. 2023 ($5.35 Mil) to Dec. 2023 ($3.15 Mil).

Change Financial's annual cash and cash equivalents declined from Jun. 2021 ($4.02 Mil) to Jun. 2022 ($1.50 Mil) but then increased from Jun. 2022 ($1.50 Mil) to Jun. 2023 ($5.35 Mil).

Change Financial Cash And Cash Equivalents Historical Data

The historical data trend for Change Financial'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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Change Financial Cash And Cash Equivalents Chart

Change Financial Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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1.47

2.97

4.02

1.50

5.35

Change Financial Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											1.56	1.50	2.80	5.35	3.15

Change Financial 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.

Change Financial (OTCPK:CNGFF) 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.

Change Financial Cash And Cash Equivalents Related Terms

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Change Financial (Change Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Financial Ltd (OTCPK:CNGFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CCA:Australia

Address

82 Eagle Street, Level 11, Brisbane, QLD, AUS, 4000

Website

https://www.changefinancial.com

Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment that is the development and provision of card payments software and services. The company serves business and financial institutions.

Change Financial (Change Financial) Headlines

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