X2M Connect (ASX:X2M) Cash, Cash Equivalents, Marketable Securities : A$1.26 Mil (As of Dec. 2024)

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What is X2M Connect Cash, Cash Equivalents, Marketable Securities?

X2M Connect's quarterly cash, cash equivalents, marketable securities declined from Dec. 2023 (A$2.92 Mil) to Jun. 2024 (A$1.94 Mil) but then stayed the same from Jun. 2024 (A$1.94 Mil) to Dec. 2024 (A$1.26 Mil).

X2M Connect's annual cash, cash equivalents, marketable securities increased from Jun. 2022 (A$1.02 Mil) to Jun. 2023 (A$1.79 Mil) and increased from Jun. 2023 (A$1.79 Mil) to Jun. 2024 (A$1.94 Mil).

X2M Connect Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for X2M Connect'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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X2M Connect Cash, Cash Equivalents, Marketable Securities Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Jun24

Cash, Cash Equivalents, Marketable Securities

1.02

1.79

1.94

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			3.05	1.79	2.92	1.94	1.26

X2M Connect 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.

X2M Connect (ASX:X2M) 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.

X2M Connect Cash, Cash Equivalents, Marketable Securities Related Terms

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X2M Connect Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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