Cuentas (Cuentas) Cash And Cash Equivalents : $0.03 Mil (As of Mar. 2024)

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What is Cuentas Cash And Cash Equivalents?

Cuentas's quarterly cash and cash equivalents declined from Sep. 2023 ($1.06 Mil) to Dec. 2023 ($0.21 Mil) but then stayed the same from Dec. 2023 ($0.21 Mil) to Mar. 2024 ($0.03 Mil).

Cuentas's annual cash and cash equivalents declined from Dec. 2021 ($6.61 Mil) to Dec. 2022 ($0.47 Mil) and declined from Dec. 2022 ($0.47 Mil) to Dec. 2023 ($0.21 Mil).

Cuentas Cash And Cash Equivalents Historical Data

The historical data trend for Cuentas'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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Cuentas Cash And Cash Equivalents Chart

Cuentas Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.02

0.23

6.61

0.47

0.21

Cuentas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.33	0.27	1.06	0.21	0.03

Cuentas 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.

Cuentas (OTCPK:CUENW) 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.

Cuentas Cash And Cash Equivalents Related Terms

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Cuentas (Cuentas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cuentas Inc (OTCPK:CUENW) » Definitions » Cash And Cash Equivalents

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CUEN:USA

Address

235 Lincoln Road, Suite 210, Miami Beach, FL, USA, 33139

Website

https://www.cuentas.com

Cuentas Inc is a FinTech e-banking and e-commerce service provider with proprietary technology aimed at providing solutions for the underbanked and un-banked Hispanic and Latino population. The company operates in two segments: Telecommunications and General Purpose Reloadable Cards. Its services include mobile banking, online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer-to-peer money transferring, and providing access to bank accounts for customers who previously could not obtain bank accounts. The proprietary Cuentas General Purpose Reloadable (GPR) Card provides holders with a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.