SSC Security Services (TSXV:SECU) Cash And Cash Equivalents : C$12.4 Mil (As of Jun. 2024)

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What is SSC Security Services Cash And Cash Equivalents?

SSC Security Services's quarterly cash and cash equivalents increased from Dec. 2023 (C$9.78 Mil) to Mar. 2024 (C$14.10 Mil) but then stayed the same from Mar. 2024 (C$14.10 Mil) to Jun. 2024 (C$12.37 Mil).

SSC Security Services's annual cash and cash equivalents declined from Sep. 2021 (C$28.80 Mil) to Sep. 2022 (C$11.20 Mil) but then increased from Sep. 2022 (C$11.20 Mil) to Sep. 2023 (C$14.84 Mil).

SSC Security Services Cash And Cash Equivalents Historical Data

The historical data trend for SSC Security Services'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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SSC Security Services Cash And Cash Equivalents Chart

SSC Security Services Annual Data

Trend

Mar14

Mar15

Mar16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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11.44

27.23

28.80

11.20

14.84

SSC Security Services Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															12.65	14.84	9.78	14.10	12.37

SSC Security Services 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.

SSC Security Services (TSXV:SECU) 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.

SSC Security Services Cash And Cash Equivalents Related Terms

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SSC Security Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SSC Security Services Corp (TSXV:SECU) » Definitions » Cash And Cash Equivalents

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SECUF:USA

Address

1914 Hamilton Street, Suite 300, Regina, SK, CAN, S4P 3N6

Website

https://www.securityservicescorp.ca

SSC Security Services Corp is a leading provider of physical and cyber security services to corporate and public sector clients across Canada.

Executives

Bradley Douglas Farquhar	Director
Gordon Nystuen	Senior Officer
Doug Emsley	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
David Brown	Director