SmartMetric (SmartMetric) Cash And Cash Equivalents : $0.02 Mil (As of Mar. 2024)

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What is SmartMetric Cash And Cash Equivalents?

SmartMetric's quarterly cash and cash equivalents declined from Sep. 2023 ($0.02 Mil) to Dec. 2023 ($0.01 Mil) but then increased from Dec. 2023 ($0.01 Mil) to Mar. 2024 ($0.02 Mil).

SmartMetric's annual cash and cash equivalents increased from Jun. 2021 ($0.01 Mil) to Jun. 2022 ($0.13 Mil) but then declined from Jun. 2022 ($0.13 Mil) to Jun. 2023 ($0.02 Mil).

SmartMetric Cash And Cash Equivalents Historical Data

The historical data trend for SmartMetric'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.

SmartMetric Cash And Cash Equivalents Chart

SmartMetric Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.01

0.07

0.01

0.13

0.02

SmartMetric 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															0.04	0.02	0.02	0.01	0.02

SmartMetric 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.

SmartMetric (OTCPK:SMME) 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.

SmartMetric Cash And Cash Equivalents Related Terms

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SmartMetric (SmartMetric) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89109

Website

https://www.smartmetric.com

SmartMetric Inc is engaged in the technology industry. It holds the license to biometric smart card technology. The company has developed a fingerprint sensor-activated payment card and a security card with a finger sensor and a fully functional fingerprint reader embedded inside the card. The cards have a rechargeable battery allowing for portable biometric identification and card activation. Its product offerings include Touch & Pay card, Smart Security card, Smart Identity card, Smart health records card, and smart driver's license.

Executives

Elizabeth Ryba	director	78 BROWN ROAD, SCARSDALE NY 10583
Hendrick Colin	director, 10 percent owner, officer: President and CEO	9195 COLLINS AVENUE, #302, SURFSIDE FL 33154
Jay Needleman	officer: Chief Financial Officer	520 WEST 47TH STREET, MIAMI BEACH FL 33140
Peter Sleep	director, officer: Secretary	3 BERNADETTE COURT, EAST DONCASTER C3 3109
Joseph Katzman	director	790 MONTGOMERY STREET, BROOKLYN NY 11213