Orthogonal Global Group (XCNQ:OGG) Cash And Cash Equivalents : C$0.13 Mil (As of Dec. 2023)

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What is Orthogonal Global Group Cash And Cash Equivalents?

Orthogonal Global Group's quarterly cash and cash equivalents declined from Jun. 2023 (C$0.79 Mil) to Sep. 2023 (C$0.57 Mil) but then stayed the same from Sep. 2023 (C$0.57 Mil) to Dec. 2023 (C$0.13 Mil).

Orthogonal Global Group's annual cash and cash equivalents increased from Jun. 2021 (C$0.00 Mil) to Jun. 2022 (C$0.33 Mil) and increased from Jun. 2022 (C$0.33 Mil) to Jun. 2023 (C$0.79 Mil).

Orthogonal Global Group Cash And Cash Equivalents Historical Data

The historical data trend for Orthogonal Global Group'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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Orthogonal Global Group Cash And Cash Equivalents Chart

Orthogonal Global Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.33

0.79

Orthogonal Global Group Quarterly Data
	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.02	1.27	0.79	0.57	0.13

Orthogonal Global Group 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.

Orthogonal Global Group (XCNQ:OGG) 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.

Orthogonal Global Group Cash And Cash Equivalents Related Terms

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Orthogonal Global Group (XCNQ:OGG) Business Description

Industry

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Traded in Other Exchanges

OGGIF:USA 8M9:Germany

Address

22 Leader Lane, Suite 409, Toronto, ON, CAN, M5E 0B2

Website

https://www.w3ven.com

Orthogonal Global Group Inc is a diversified investment company focused on identifying, incubating, accelerating, and developing world-class projects and applications for the decentralized web. Focused on supporting founders and entrepreneurs, Orthogonal Global core investment pillars are blockchain-based transparency, secured identity, verified communications, and gamification, focusing on early-stage, small and medium enterprises in the burgeoning Web three sector.

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