GINSMS (TSXV:GOK) Cash And Cash Equivalents : C$0.24 Mil (As of Dec. 2023)

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What is GINSMS Cash And Cash Equivalents?

GINSMS's quarterly cash and cash equivalents declined from Jun. 2023 (C$0.22 Mil) to Sep. 2023 (C$0.12 Mil) but then increased from Sep. 2023 (C$0.12 Mil) to Dec. 2023 (C$0.24 Mil).

GINSMS's annual cash and cash equivalents increased from Dec. 2021 (C$0.18 Mil) to Dec. 2022 (C$0.19 Mil) and increased from Dec. 2022 (C$0.19 Mil) to Dec. 2023 (C$0.24 Mil).

GINSMS Cash And Cash Equivalents Historical Data

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

GINSMS Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.19

0.30

0.18

0.19

0.24

GINSMS Quarterly Data
	Mar19	Jun19	Sep19	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															0.19	0.17	0.22	0.12	0.24

GINSMS 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.

GINSMS (TSXV:GOK) 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.

GINSMS Cash And Cash Equivalents Related Terms

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GINSMS (TSXV:GOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GINSMS Inc (TSXV:GOK) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4

Website

http://www.ginsms.com

GINSMS Inc is a Canada based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateway, enterprises and financial institution to deliver SMS worldwide without any upfront capital investment through the use of the corporation's application programming interface. It also provides software product and services. The company's revenue sources are A2P messaging service income and software products and service income. The company provides services to various countries that are Singapore, Indonesia, Other Asian countries, the US and other regions, of which key revenue is derived from Singapore.

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