Snipp Interactive (Snipp Interactive) Cash And Cash Equivalents : $4.18 Mil (As of Mar. 2024)

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What is Snipp Interactive Cash And Cash Equivalents?

Snipp Interactive's quarterly cash and cash equivalents declined from Sep. 2023 ($4.47 Mil) to Dec. 2023 ($2.94 Mil) but then increased from Dec. 2023 ($2.94 Mil) to Mar. 2024 ($4.18 Mil).

Snipp Interactive's annual cash and cash equivalents increased from Dec. 2021 ($1.75 Mil) to Dec. 2022 ($5.55 Mil) but then declined from Dec. 2022 ($5.55 Mil) to Dec. 2023 ($2.94 Mil).

Snipp Interactive Cash And Cash Equivalents Historical Data

The historical data trend for Snipp Interactive'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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Snipp Interactive Cash And Cash Equivalents Chart

Snipp Interactive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.85

1.92

1.75

5.55

2.94

Snipp Interactive 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															4.72	4.47	4.47	2.94	4.18

Snipp Interactive 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.

Snipp Interactive (OTCPK:SNIPF) 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.

Snipp Interactive Cash And Cash Equivalents Related Terms

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Snipp Interactive (Snipp Interactive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Snipp Interactive Inc (OTCPK:SNIPF) » Definitions » Cash And Cash Equivalents

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SPN:Canada

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.snipp.com

Snipp Interactive Inc a loyalty and promotions technology company develops and sells mobile-based promotions software applications and associated campaign services. The company provides its products in a range of solution sets, which include Purchase Promotions and Receipt Processing; Loyalty Programs; Mobile Promotions and Contests; Reward Solutions; Rebate Solutions, and Data Analytics. It offers software applications, which allow advertising agencies, brands, and media to engage and interact with customers. Geographically it operates through in several cities in the United States, and international operations in Canada, India, and Ireland. It derived the majority of its revenues from the United States.