CNTM (ConnectM Technology Solutions) Cash And Cash Equivalents : $1.88 Mil (As of Sep. 2024)

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What is ConnectM Technology Solutions Cash And Cash Equivalents?

ConnectM Technology Solutions's quarterly cash and cash equivalents declined from Mar. 2024 ($0.86 Mil) to Jun. 2024 ($0.23 Mil) but then increased from Jun. 2024 ($0.23 Mil) to Sep. 2024 ($1.88 Mil).

ConnectM Technology Solutions's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2021 ($1.34 Mil) and increased from Dec. 2021 ($1.34 Mil) to Dec. 2022 ($1.92 Mil).

ConnectM Technology Solutions Cash And Cash Equivalents Historical Data

The historical data trend for ConnectM Technology Solutions'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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ConnectM Technology Solutions Cash And Cash Equivalents Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

1.34

1.92

ConnectM Technology Solutions Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	1.33	0.86	0.23	1.88

ConnectM Technology Solutions 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.

ConnectM Technology Solutions (OTCPK:CNTM) 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.

ConnectM Technology Solutions Cash And Cash Equivalents Related Terms

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ConnectM Technology Solutions Business Description

Industry

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Traded in Other Exchanges

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Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.