INX Digital Co (NEOE:INXD) Cash And Cash Equivalents : C$14.31 Mil (As of Mar. 2024)

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What is INX Digital Co Cash And Cash Equivalents?

INX Digital Co's quarterly cash and cash equivalents declined from Sep. 2023 (C$17.33 Mil) to Dec. 2023 (C$17.32 Mil) but then stayed the same from Dec. 2023 (C$17.32 Mil) to Mar. 2024 (C$14.31 Mil).

INX Digital Co's annual cash and cash equivalents declined from Dec. 2021 (C$31.46 Mil) to Dec. 2022 (C$26.99 Mil) and declined from Dec. 2022 (C$26.99 Mil) to Dec. 2023 (C$17.32 Mil).

INX Digital Co Cash And Cash Equivalents Historical Data

The historical data trend for INX Digital Co'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.

INX Digital Co Cash And Cash Equivalents Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.43

31.46

26.99

17.32

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									24.46	20.63	17.33	17.32	14.31

INX Digital Co 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.

INX Digital Co (NEOE:INXD) 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.

INX Digital Co Cash And Cash Equivalents Related Terms

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INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

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