GetSwift Technologies (FRA:8DQ) Cash And Cash Equivalents : €9.95 Mil (As of Mar. 2021)

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What is GetSwift Technologies Cash And Cash Equivalents?

GetSwift Technologies's quarterly cash and cash equivalents declined from Jun. 2020 (€20.71 Mil) to Sep. 2020 (€0.00 Mil) but then increased from Sep. 2020 (€0.00 Mil) to Mar. 2021 (€9.95 Mil).

GetSwift Technologies's annual cash and cash equivalents increased from Jun. 2018 (€22.54 Mil) to Jun. 2019 (€42.65 Mil) but then declined from Jun. 2019 (€42.65 Mil) to Jun. 2020 (€20.71 Mil).

GetSwift Technologies Cash And Cash Equivalents Historical Data

The historical data trend for GetSwift Technologies'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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GetSwift Technologies Cash And Cash Equivalents Chart

GetSwift Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Cash And Cash Equivalents

4.08

8.68

22.54

42.65

20.71

GetSwift Technologies Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Cash And Cash Equivalents	Get a 7-Day Free Trial											36.36	-	20.71	-	9.95

GetSwift Technologies 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.

GetSwift Technologies (FRA:8DQ) 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.

GetSwift Technologies Cash And Cash Equivalents Related Terms

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GetSwift Technologies (FRA:8DQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GetSwift Technologies Ltd (FRA:8DQ) » Definitions » Cash And Cash Equivalents

Comparable Companies

TSXV:ID XSAT:JOJK XCNQ:PLNK ASX:AO1 WAR:ITL WAR:MAD XCNQ:PPK OCSE:NEXCOM TSXV:NPA XCNQ:PUSH

Traded in Other Exchanges

N/A

Address

1185 6th Avenue, New York, NY, USA, 10036

Website

https://www.getswift.co

GetSwift Technologies Ltd is a technology and services company that offers a suite of software, products, and services through its operating subsidiaries, which are focused on business and logistics and automation, data management and analysis, communications, information security, and infrastructure optimization and also includes e-commerce and marketplace ordering, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications, and communications infrastructure services and products through consulting, design, construction, and maintenance.

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