Kovo+ Holdings (TSXV:KOVO) Cash And Cash Equivalents : C$0.44 Mil (As of Dec. 2024)

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What is Kovo+ Holdings Cash And Cash Equivalents?

Kovo+ Holdings's quarterly cash and cash equivalents increased from Jun. 2024 (C$0.12 Mil) to Sep. 2024 (C$0.25 Mil) and increased from Sep. 2024 (C$0.25 Mil) to Dec. 2024 (C$0.44 Mil).

Kovo+ Holdings's annual cash and cash equivalents declined from Dec. 2022 (C$0.94 Mil) to Dec. 2023 (C$0.14 Mil) but then increased from Dec. 2023 (C$0.14 Mil) to Dec. 2024 (C$0.44 Mil).

Kovo+ Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Kovo+ Holdings'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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Kovo+ Holdings Cash And Cash Equivalents Chart

Kovo+ Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

0.20

0.91

0.94

0.14

0.44

Kovo+ Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial														0.14	0.53	0.12	0.25	0.44

Kovo+ Holdings 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.

Kovo+ Holdings (TSXV:KOVO) 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.

Kovo+ Holdings Cash And Cash Equivalents Related Terms

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Kovo+ Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kovo+ Holdings Inc (TSXV:KOVO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 West Georgia Street, Suite 1600, Vancouver, BC, CAN, V6C 3L2

Website

https://www.kovoplus.com

Kovo+ Holdings Inc is engaged in delivering software solutions and services including Revenue Cycle Management (RCM) and Electronic Health Records to medical practices and hospitals. The Company sells services and software to medical clinics and medical facilities. It acquires customers through the acquisition of existing RCM and other software businesses in the United States. There are six revenue streams generated through a combination of internal software development and the acquisition of existing businesses and assets. Revenue from Revenue Cycle Management Services, licensing revenue from Inpatient systems, SaaS revenue for Ambulatory software and eHealth software, revenue from Credentialing Services, revenue from Hourly Services, and revenue from associated services for its products.

Executives

Steven Elliott Parry	Director
Harprit Singh Gahunia	Director

Kovo+ Holdings Headlines

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