Softchoice (Softchoice) Cash And Cash Equivalents : $11.1 Mil (As of Mar. 2024)

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What is Softchoice Cash And Cash Equivalents?

Softchoice's quarterly cash and cash equivalents increased from Sep. 2023 ($6.51 Mil) to Dec. 2023 ($17.37 Mil) but then stayed the same from Dec. 2023 ($17.37 Mil) to Mar. 2024 ($11.13 Mil).

Softchoice's annual cash and cash equivalents declined from Dec. 2021 ($2.75 Mil) to Dec. 2022 ($1.74 Mil) but then increased from Dec. 2022 ($1.74 Mil) to Dec. 2023 ($17.37 Mil).

Softchoice Cash And Cash Equivalents Historical Data

The historical data trend for Softchoice'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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Softchoice Cash And Cash Equivalents Chart

Softchoice Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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67.88

0.98

2.75

1.74

17.37

Softchoice Quarterly Data
	Jun12	Sep12	Dec12	Mar13	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															9.19	14.33	6.51	17.37	11.13

Softchoice 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.

Softchoice (OTCPK:SFTCF) 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.

Softchoice Cash And Cash Equivalents Related Terms

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Softchoice (Softchoice) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Softchoice Corp (OTCPK:SFTCF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SFTC:Canada

Address

173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7

Website

https://www.softchoice.com

Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.