MMTIF (Micromem Technologies) Cash And Cash Equivalents : $0.08 Mil (As of Jul. 2024)

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What is Micromem Technologies Cash And Cash Equivalents?

Micromem Technologies's quarterly cash and cash equivalents declined from Jan. 2024 ($0.03 Mil) to Apr. 2024 ($0.02 Mil) but then increased from Apr. 2024 ($0.02 Mil) to Jul. 2024 ($0.08 Mil).

Micromem Technologies's annual cash and cash equivalents declined from Oct. 2021 ($0.17 Mil) to Oct. 2022 ($0.03 Mil) and declined from Oct. 2022 ($0.03 Mil) to Oct. 2023 ($0.03 Mil).

Micromem Technologies Cash And Cash Equivalents Historical Data

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

Micromem Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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0.05

0.19

0.17

0.03

Micromem Technologies Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.18	0.03	0.03	0.02	0.08

Micromem 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.

Micromem Technologies (OTCPK:MMTIF) 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.

Micromem Technologies Cash And Cash Equivalents Related Terms

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Micromem Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micromem Technologies Inc (OTCPK:MMTIF) » Definitions » Cash And Cash Equivalents

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MRM:Canada

Address

121 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2K1

Website

https://www.micromeminc.com

Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.