Supernova Digital Assets (AQSE:SOL) Cash, Cash Equivalents, Marketable Securities : £0.07 Mil (As of Oct. 2023)

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What is Supernova Digital Assets Cash, Cash Equivalents, Marketable Securities?

Supernova Digital Assets's quarterly cash, cash equivalents, marketable securities increased from Oct. 2022 (£3.44 Mil) to Apr. 2023 (£7.43 Mil) but then stayed the same from Apr. 2023 (£7.43 Mil) to Oct. 2023 (£0.07 Mil).

Supernova Digital Assets's annual cash, cash equivalents, marketable securities declined from Oct. 2021 (£4.62 Mil) to Oct. 2022 (£3.44 Mil) and declined from Oct. 2022 (£3.44 Mil) to Oct. 2023 (£0.07 Mil).

Supernova Digital Assets Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Supernova Digital Assets's Cash, Cash Equivalents, Marketable Securities 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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Supernova Digital Assets Cash, Cash Equivalents, Marketable Securities Chart

Supernova Digital Assets Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Cash, Cash Equivalents, Marketable Securities

4.62

3.44

0.07

Supernova Digital Assets Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			4.62	-	3.44	7.43	0.07

Supernova Digital Assets Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Supernova Digital Assets (AQSE:SOL) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Supernova Digital Assets Cash, Cash Equivalents, Marketable Securities Related Terms

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Supernova Digital Assets (AQSE:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Supernova Digital Assets Plc (AQSE:SOL) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

O2O:Germany

Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.aqruplc.com

AQRU PLC is an investment company specializing in decentralized finance (DeFi). DeFi is a disruptive technology that uses the blockchain and cryptocurrencies to remove financial intermediaries from transactions creating a more efficient and secure way of providing financial services. Geographically company generates the majority of its revenue from Europe.