NetCents Technology (XCNQ:NC) Cash And Cash Equivalents : C$2.44 Mil (As of Jul. 2020)

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What is NetCents Technology Cash And Cash Equivalents?

NetCents Technology's quarterly cash and cash equivalents increased from Jan. 2020 (C$0.10 Mil) to Apr. 2020 (C$0.20 Mil) and increased from Apr. 2020 (C$0.20 Mil) to Jul. 2020 (C$2.44 Mil).

NetCents Technology's annual cash and cash equivalents increased from Oct. 2017 (C$0.03 Mil) to Oct. 2018 (C$1.08 Mil) but then declined from Oct. 2018 (C$1.08 Mil) to Oct. 2019 (C$0.21 Mil).

NetCents Technology Cash And Cash Equivalents Historical Data

The historical data trend for NetCents 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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NetCents Technology Cash And Cash Equivalents Chart

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Cash And Cash Equivalents

0.04

0.01

0.03

1.08

0.21

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.22	0.21	0.10	0.20	2.44

NetCents 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.

NetCents Technology (XCNQ:NC) 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.

NetCents Technology Cash And Cash Equivalents Related Terms

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NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.