DMG Blockchain Solutions (DMG Blockchain Solutions) Cash And Cash Equivalents : $1.19 Mil (As of Mar. 2024)

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What is DMG Blockchain Solutions Cash And Cash Equivalents?

DMG Blockchain Solutions's quarterly cash and cash equivalents increased from Sep. 2023 ($1.32 Mil) to Dec. 2023 ($1.64 Mil) but then stayed the same from Dec. 2023 ($1.64 Mil) to Mar. 2024 ($1.19 Mil).

DMG Blockchain Solutions's annual cash and cash equivalents declined from Sep. 2021 ($15.54 Mil) to Sep. 2022 ($0.94 Mil) but then increased from Sep. 2022 ($0.94 Mil) to Sep. 2023 ($1.32 Mil).

DMG Blockchain Solutions Cash And Cash Equivalents Historical Data

The historical data trend for DMG Blockchain 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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DMG Blockchain Solutions Cash And Cash Equivalents Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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0.86

0.81

15.54

0.94

1.32

DMG Blockchain Solutions 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															3.47	1.34	1.32	1.64	1.19

DMG Blockchain 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.

DMG Blockchain Solutions (OTCPK:DMGGF) 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.

DMG Blockchain Solutions Cash And Cash Equivalents Related Terms

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DMG Blockchain Solutions (DMG Blockchain Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (OTCPK:DMGGF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

6AX:Germany DMGI:Canada

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.