Quinsam Capital (XCNQ:QCA) Cash And Cash Equivalents : C$0.56 Mil (As of Sep. 2024)

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What is Quinsam Capital Cash And Cash Equivalents?

Quinsam Capital's quarterly cash and cash equivalents increased from Mar. 2024 (C$1.14 Mil) to Jun. 2024 (C$1.15 Mil) but then stayed the same from Jun. 2024 (C$1.15 Mil) to Sep. 2024 (C$0.56 Mil).

Quinsam Capital's annual cash and cash equivalents increased from Dec. 2021 (C$0.06 Mil) to Dec. 2022 (C$0.86 Mil) and increased from Dec. 2022 (C$0.86 Mil) to Dec. 2023 (C$1.18 Mil).

Quinsam Capital Cash And Cash Equivalents Historical Data

The historical data trend for Quinsam Capital'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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Quinsam Capital Cash And Cash Equivalents Chart

Quinsam Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.67

1.12

0.06

0.86

1.18

Quinsam Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.78	1.18	1.14	1.15	0.56

Quinsam Capital 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.

Quinsam Capital (XCNQ:QCA) 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.

Quinsam Capital Cash And Cash Equivalents Related Terms

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Quinsam Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Quinsam Capital Corp (XCNQ:QCA) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

QCAAF:USA

Address

77 King Street West, Suite 2905, P.O. Box 121, Toronto Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

https://www.quinsamcapital.com

Quinsam Capital Corp is an investment and merchant banking firm focused on the technology, healthcare, mining and exploration, e-sports, and cannabis markets. It is focused on the small-cap market, with early-stage investments in as resources and technology sectors. The company's merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities, and portfolio investments.

Executives

Anthony Ralph Roodenburg	Director
Quinsam Capital Corporation	Issuer
Roger Dent	Director, Senior Officer
R W Campbell Becher	Director
James David Alexander White	Director
Kenneth Richard Donner	Senior Officer
Alison Taylor Love	Director
Gregory Lynn Madden	Senior Officer
Michael Louis Zych	Director
Benedict Giles Cubitt	Director, Senior Officer
Patrick Elliott	Director, Senior Officer
Nicholas Keane Vita	10% Security Holder, Director
Alicia Milne	Director
David Frattaroli	Director
Parvinder Shergill	Senior Officer

Quinsam Capital Headlines

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