Ayfie Group AS (OSL:AYFIE) Cash And Cash Equivalents : kr2.57 Mil (As of Dec. 2023)

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What is Ayfie Group AS Cash And Cash Equivalents?

Ayfie Group AS's quarterly cash and cash equivalents declined from Dec. 2022 (kr17.92 Mil) to Jun. 2023 (kr8.62 Mil) but then stayed the same from Jun. 2023 (kr8.62 Mil) to Dec. 2023 (kr2.57 Mil).

Ayfie Group AS's annual cash and cash equivalents declined from Dec. 2021 (kr35.85 Mil) to Dec. 2022 (kr17.92 Mil) and declined from Dec. 2022 (kr17.92 Mil) to Dec. 2023 (kr2.57 Mil).

Ayfie Group AS Cash And Cash Equivalents Historical Data

The historical data trend for Ayfie Group AS'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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Ayfie Group AS Cash And Cash Equivalents Chart

Ayfie Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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13.19

47.22

35.85

17.92

2.57

Ayfie Group AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial						35.85	31.02	17.92	8.62	2.57

Ayfie Group AS 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.

Ayfie Group AS (OSL:AYFIE) 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.

Ayfie Group AS Cash And Cash Equivalents Related Terms

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Ayfie Group AS (OSL:AYFIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ayfie Group AS (OSL:AYFIE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Karenslyst Alle 10, Oslo, NOR, 0278

Website

https://www.ayfie.com

Ayfie Group AS is a search company offering intelligent knowledge discovery products and search solutions. The firm is a software company specializing in text analytics and smart research based on natural language processing and machine learning. Its core products are ayfie Inspector and ayfie Locator which is used in the legal, financial, corporate, and compliance markets. The company generates a majority of its revenue from subscriptions and geographically, it generates from Norway.

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