Identillect Technologies (FRA:8ID) Cash And Cash Equivalents : €0.01 Mil (As of Mar. 2024)

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What is Identillect Technologies Cash And Cash Equivalents?

Identillect Technologies's quarterly cash and cash equivalents declined from Sep. 2023 (€0.02 Mil) to Dec. 2023 (€0.01 Mil) but then increased from Dec. 2023 (€0.01 Mil) to Mar. 2024 (€0.01 Mil).

Identillect Technologies's annual cash and cash equivalents increased from Dec. 2021 (€0.04 Mil) to Dec. 2022 (€0.10 Mil) but then declined from Dec. 2022 (€0.10 Mil) to Dec. 2023 (€0.01 Mil).

Identillect Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Identillect 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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Identillect Technologies Cash And Cash Equivalents Chart

Identillect Technologies Annual Data

Trend

Jul14

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Dec17

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Dec20

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Dec23

Cash And Cash Equivalents

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0.01

0.02

0.04

0.10

0.01

Identillect Technologies 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															0.02	0.02	0.02	0.01	0.01

Identillect 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.

Identillect Technologies (FRA:8ID) 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.

Identillect Technologies Cash And Cash Equivalents Related Terms

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Identillect Technologies (FRA:8ID) Business Description

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ID:Canada

Address

609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.identillect.com

Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.

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