The Mint (TSXV:MIT) Cash And Cash Equivalents : C$0.01 Mil (As of Sep. 2023)

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What is The Mint Cash And Cash Equivalents?

The Mint's quarterly cash and cash equivalents declined from Mar. 2023 (C$0.01 Mil) to Jun. 2023 (C$0.00 Mil) but then increased from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.01 Mil).

The Mint's annual cash and cash equivalents declined from Dec. 2020 (C$0.02 Mil) to Dec. 2021 (C$0.02 Mil) and declined from Dec. 2021 (C$0.02 Mil) to Dec. 2022 (C$0.01 Mil).

The Mint Cash And Cash Equivalents Historical Data

The historical data trend for The Mint'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.

The Mint Cash And Cash Equivalents Chart

The Mint Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.17

0.09

0.02

0.01

The Mint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.03	0.01	0.01	-	0.01

The Mint 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.

The Mint (TSXV:MIT) 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.

The Mint Cash And Cash Equivalents Related Terms

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The Mint (TSXV:MIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » The Mint Corp (TSXV:MIT) » Definitions » Cash And Cash Equivalents

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MITJF:USA

Address

333 Bay Street, Suite 1700, Toronto, ON, CAN, M5H 2R2

Website

https://www.themintcorp.com

The Mint Corp, through its subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Group manages the issuance, administration, customer support, payment processing, and set-up and reporting of payroll cards. In addition, it also provides additional services to cardholders, including mobile airtime top-up and mobile payments.

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