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RemSense Technologies (ASX:REM) Cash, Cash Equivalents, Marketable Securities : A$0.50 Mil (As of Dec. 2024)


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What is RemSense Technologies Cash, Cash Equivalents, Marketable Securities?

RemSense Technologies's quarterly cash, cash equivalents, marketable securities declined from Dec. 2023 (A$0.73 Mil) to Jun. 2024 (A$0.39 Mil) but then increased from Jun. 2024 (A$0.39 Mil) to Dec. 2024 (A$0.50 Mil).

RemSense Technologies's annual cash, cash equivalents, marketable securities declined from Jun. 2022 (A$2.27 Mil) to Jun. 2023 (A$0.85 Mil) and declined from Jun. 2023 (A$0.85 Mil) to Jun. 2024 (A$0.39 Mil).

RemSense Technologies Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for RemSense Technologies'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.

* Premium members only.

RemSense Technologies Cash, Cash Equivalents, Marketable Securities Chart

RemSense Technologies Annual Data
Trend Jun22 Jun23 Jun24
Cash, Cash Equivalents, Marketable Securities
2.27 0.85 0.39

RemSense Technologies Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial 0.73 0.85 0.73 0.39 0.50

RemSense Technologies 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.

RemSense Technologies  (ASX:REM) 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.

RemSense Technologies Cash, Cash Equivalents, Marketable Securities Related Terms

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RemSense Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » RemSense Technologies Ltd (ASX:REM) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
580 Hay Street, Suite 173, Level 3, Perth, WA, AUS, 6000
Website
https://www.remsense.com.au
RemSense Technologies Ltd is engaged in technology development digital engineering solutions and its virtual plant photogrammic Digital Twin software product and services in a range of markets and applications in Western Australia. It is engaged in developing and market virtual plant is a productive and scalable photogrammetric digital twin that enables visual information from remote or distributed assets to be securely available to all users on existing hardware. data and analytics services to clients through both aerial and terrestrial scanning and imaging and a broad spectrum of services such as photogrammetry/surveying, inspection of assets, and environmental and rehabilitation impact studies.