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GIFT (Giftify) Cash And Cash Equivalents : $1.83 Mil (As of Sep. 2024)


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What is Giftify Cash And Cash Equivalents?

Giftify's quarterly cash and cash equivalents declined from Mar. 2024 ($5.40 Mil) to Jun. 2024 ($3.41 Mil) but then stayed the same from Jun. 2024 ($3.41 Mil) to Sep. 2024 ($1.83 Mil).

Giftify's annual cash and cash equivalents increased from Dec. 2021 ($1.93 Mil) to Dec. 2022 ($2.04 Mil) and increased from Dec. 2022 ($2.04 Mil) to Dec. 2023 ($4.10 Mil).


Giftify Cash And Cash Equivalents Historical Data

The historical data trend for Giftify'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.

* Premium members only.

Giftify Cash And Cash Equivalents Chart

Giftify Annual Data
Trend Aug03 Aug04 Aug05 May16 May17 May18 Dec19 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.22 1.93 2.04 4.10

Giftify Quarterly Data
Nov18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.61 4.10 5.40 3.41 1.83

Giftify 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.


Giftify  (NAS:GIFT) 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.


Giftify Cash And Cash Equivalents Related Terms

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Giftify Business Description

Traded in Other Exchanges
N/A
Address
1100 Woodfield Road, Suite 510, Schaumberg, IL, USA, 60173
Giftify Inc through its wholly-owned subsidiary, has been in the business of connecting digital consumers, businesses and communities with dining and merchant deal options throughout the United States. The company connects digital consumers, businesses, and communities offering dining and merchant deal options nationwide restaurants, and retailers to customers. The Company buys merchant gift cards from the general public and distributors at a discount and then resells them at a markup.