Eqonex (Eqonex) Cash And Cash Equivalents : $6.40 Mil (As of Mar. 2022)

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What is Eqonex Cash And Cash Equivalents?

Eqonex's quarterly cash and cash equivalents declined from Mar. 2021 ($57.26 Mil) to Sep. 2021 ($27.55 Mil) but then stayed the same from Sep. 2021 ($27.55 Mil) to Mar. 2022 ($6.40 Mil).

Eqonex's annual cash and cash equivalents increased from Mar. 2020 ($1.49 Mil) to Mar. 2021 ($57.26 Mil) but then declined from Mar. 2021 ($57.26 Mil) to Mar. 2022 ($6.40 Mil).

Eqonex Cash And Cash Equivalents Historical Data

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

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Cash And Cash Equivalents

0.74

1.49

57.26

6.40

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.49	28.22	57.26	27.55	6.40

Eqonex 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.

Eqonex (OTCPK:EQOSQ) 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.

Eqonex Cash And Cash Equivalents Related Terms

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Eqonex (Eqonex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (OTCPK:EQOSQ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.