CloudMD Software & Services (CloudMD Software & Services) Cash And Cash Equivalents : $3.82 Mil (As of Mar. 2024)

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What is CloudMD Software & Services Cash And Cash Equivalents?

CloudMD Software & Services's quarterly cash and cash equivalents declined from Sep. 2023 ($9.82 Mil) to Dec. 2023 ($6.66 Mil) but then stayed the same from Dec. 2023 ($6.66 Mil) to Mar. 2024 ($3.82 Mil).

CloudMD Software & Services's annual cash and cash equivalents declined from Dec. 2021 ($35.22 Mil) to Dec. 2022 ($17.71 Mil) and declined from Dec. 2022 ($17.71 Mil) to Dec. 2023 ($6.66 Mil).

CloudMD Software & Services Cash And Cash Equivalents Historical Data

The historical data trend for CloudMD Software & Services'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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CloudMD Software & Services Cash And Cash Equivalents Chart

CloudMD Software & Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.29

46.62

35.22

17.71

6.66

CloudMD Software & Services 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															13.71	14.13	9.82	6.66	3.82

CloudMD Software & Services 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.

CloudMD Software & Services (OTCPK:DOCRF) 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.

CloudMD Software & Services Cash And Cash Equivalents Related Terms

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CloudMD Software & Services (CloudMD Software & Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CloudMD Software & Services Inc (OTCPK:DOCRF) » Definitions » Cash And Cash Equivalents

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DOC:Canada

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.cloudmd.ca

CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.