Digihost Technology (TSXV:DGHI) Cash And Cash Equivalents : C$0.46 Mil (As of Dec. 2023)

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What is Digihost Technology Cash And Cash Equivalents?

Digihost Technology's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.39 Mil) to Sep. 2023 (C$1.17 Mil) but then stayed the same from Sep. 2023 (C$1.17 Mil) to Dec. 2023 (C$0.46 Mil).

Digihost Technology's annual cash and cash equivalents increased from Dec. 2021 (C$1.17 Mil) to Dec. 2022 (C$2.52 Mil) but then declined from Dec. 2022 (C$2.52 Mil) to Dec. 2023 (C$0.46 Mil).

Digihost Technology Cash And Cash Equivalents Historical Data

The historical data trend for Digihost Technology'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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Digihost Technology Cash And Cash Equivalents Chart

Digihost Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.20

0.04

1.17

2.52

0.46

Digihost Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial												2.52	1.13	0.39	1.17	0.46

Digihost Technology 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.

Digihost Technology (TSXV:DGHI) 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.

Digihost Technology Cash And Cash Equivalents Related Terms

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Digihost Technology (TSXV:DGHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digihost Technology Inc (TSXV:DGHI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DGHI:USA 1NQ:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.digihost.ca

Digihost Technology Inc is a blockchain company focused on Bitcoin mining. The company's mining facility is located in Buffalo, New York, and is equipped with an 18.7 MVA 115,000-kilovolt ampere outdoor substation with an option to increase the power output to 42MVA.