Paid (PAYD) Cash And Cash Equivalents : $1.27 Mil (As of Mar. 2024)

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What is Paid Cash And Cash Equivalents?

Paid's quarterly cash and cash equivalents increased from Sep. 2023 ($1.74 Mil) to Dec. 2023 ($2.05 Mil) but then stayed the same from Dec. 2023 ($2.05 Mil) to Mar. 2024 ($1.27 Mil).

Paid's annual cash and cash equivalents declined from Dec. 2021 ($2.84 Mil) to Dec. 2022 ($1.79 Mil) but then increased from Dec. 2022 ($1.79 Mil) to Dec. 2023 ($2.05 Mil).

Paid Cash And Cash Equivalents Historical Data

The historical data trend for Paid'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.

Paid Cash And Cash Equivalents Chart

Paid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.48

1.64

2.84

1.79

2.05

Paid Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.77	1.90	1.74	2.05	1.27

Paid 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.

Paid (OTCPK:PAYD) 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.

Paid Cash And Cash Equivalents Related Terms

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Paid (PAYD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Cedar Hill Street, Suite 200, Marlborough, MA, USA, 01752

Website

https://www.paid.com

Paid Inc is an all-in-one e-commerce service platform focusing on web development and online auctions. It operates in six segments: Client services, Shipping calculator services, Brewery management software, Merchant processing services, and shipping coordination & label generation services, and corporate operations. The majority of its revenue comes from its shipping coordination & label generation services segment. Some of its products are PaidWeb, PaidCart, PaidPayments, and PaidShipping. Its geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.

Executives

David Daniel Scott	officer: Chief Operating Officer	798 UPPER KENILWORTH AVE, HAMILTON A6 L8T5A4
Christopher J Coghlin	10 percent owner	27 OTIS STREET, WESTBOROUGH MA 01581
Pratt Allan	director	79 LAURENDALE AVENUE, WATERDOWN A6 L0R 2H3
Laurie Diane Bradley	director	8128 TIMBER TRAIL, WHITE LAKE MI 48386
David Ogden	director	6517 AUTUMN WOODS BLVD., NAPLES FL 34109
Terry Fokas	director	6630 NORTHPORT DRIVE, DALLAS TX 75230
James P O'neil	director	C/O PAID, INC., 40 WASHINGTON STREET, SUITE 3000, WESTBOROUGH MA 01581
Lewis William Austin Iv	director, officer: President and CEO	201 E 87TH STREET, APT 5H, NEW YORK NY 10128
Andrew Pilaro	director	C/O SALES ONLINE DIRECT INC, 4 BRUSSELS ST, WORCESTER MA 01610
Christopher Culross	officer: CFO, Treas., Asst. Secretary	4 BRUSSELS STREET, WORCESTER MA 01610
Gregory Rotman	director, officer: President and CEO	C/O PAID INC, 4 BRUSSELS STREET, WORCESTER MA 01610
Augustine Fund Lp	10 percent owner	141 WEST JACKSON BLVD. STE. 2182, CHICAGO IL 60606
Thomas F Duszynski	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604
John T Porter	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604
Brian D Porter	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604

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