GMTH (GMTech) Cash And Cash Equivalents : $0.11 Mil (As of Oct. 2024)

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What is GMTech Cash And Cash Equivalents?

GMTech's quarterly cash and cash equivalents increased from Oct. 2023 ($0.02 Mil) to Jul. 2024 ($0.11 Mil) but then stayed the same from Jul. 2024 ($0.11 Mil) to Oct. 2024 ($0.11 Mil).

GMTech's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Oct. 2023 ($0.02 Mil) and increased from Oct. 2023 ($0.02 Mil) to Oct. 2024 ($0.11 Mil).

GMTech Cash And Cash Equivalents Historical Data

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

GMTech Annual Data

Trend

Oct23

Oct24

Cash And Cash Equivalents

0.02

0.11

GMTech Quarterly Data
	Jul23	Oct23	Jul24	Oct24
Cash And Cash Equivalents	-	0.02	0.11	0.11

GMTech 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.

GMTech (OTCPK:GMTH) 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.

GMTech Cash And Cash Equivalents Related Terms

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GMTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GMTech Inc (OTCPK:GMTH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Rockefeller Plaza, 21st Floor, New York, NY, USA, 10111

Website

https://www.gmtech.fr

GMTech Inc is a holding company. Through its subsidiary, the company offers IT consulting services and development solutions for CRM systems, corporate websites, and mobile phone Apps. In addition to the IT consulting services, It is also planning to develop an automated and AI powered development tool ("AI-Development Tool") that can be used by small and medium businesses to design, develop and maintain their CRM system, website, and Apps more efficiently and automatically with fewer needs of external engineers and consultants.

GMTech Headlines

From GuruFocus

GMTech Inc. Announces the Launch of WEB3 Smartphone EARSON

By ACCESSWIRE • 01-06-2025