Luxxfolio Holdings (Luxxfolio Holdings) Cash And Cash Equivalents : $0.03 Mil (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Luxxfolio Holdings Cash And Cash Equivalents?

Luxxfolio Holdings's quarterly cash and cash equivalents declined from Aug. 2023 ($0.05 Mil) to Nov. 2023 ($0.03 Mil) but then stayed the same from Nov. 2023 ($0.03 Mil) to Feb. 2024 ($0.03 Mil).

Luxxfolio Holdings's annual cash and cash equivalents increased from Aug. 2021 ($0.31 Mil) to Aug. 2022 ($0.34 Mil) but then declined from Aug. 2022 ($0.34 Mil) to Aug. 2023 ($0.05 Mil).

Luxxfolio Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Luxxfolio Holdings'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.

Luxxfolio Holdings Cash And Cash Equivalents Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.08

0.09

0.31

0.34

0.05

Luxxfolio Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.12	0.07	0.05	0.03	0.03

Luxxfolio Holdings 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.

Luxxfolio Holdings (OTCPK:LUXFF) 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.

Luxxfolio Holdings Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Luxxfolio Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Luxxfolio Holdings (Luxxfolio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (OTCPK:LUXFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LUH:Germany LUXX:Canada

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.