Karbon-X (Karbon-X) Cash, Cash Equivalents, Marketable Securities : $0.21 Mil (As of Feb. 2024)

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What is Karbon-X Cash, Cash Equivalents, Marketable Securities?

Karbon-X's quarterly cash, cash equivalents, marketable securities declined from Aug. 2023 ($0.97 Mil) to Nov. 2023 ($0.57 Mil) but then stayed the same from Nov. 2023 ($0.57 Mil) to Feb. 2024 ($0.21 Mil).

Karbon-X's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to May. 2022 ($0.48 Mil) but then declined from May. 2022 ($0.48 Mil) to May. 2023 ($0.21 Mil).

Karbon-X Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Karbon-X'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.

Karbon-X Cash, Cash Equivalents, Marketable Securities Chart

Karbon-X Annual Data

Trend

May22

May23

Cash, Cash Equivalents, Marketable Securities

0.48

0.21

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				0.10	0.21	0.97	0.57	0.21

Karbon-X 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.

Karbon-X (OTCPK:KARX) 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.

Karbon-X Cash, Cash Equivalents, Marketable Securities Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.