GURUFOCUS.COM » STOCK LIST » Technology » Software » Scope AI Corp (XCNQ:SCPE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Scope AI (XCNQ:SCPE) Cash, Cash Equivalents, Marketable Securities : C$1.71 Mil (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Scope AI Cash, Cash Equivalents, Marketable Securities?

Scope AI's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (C$0.05 Mil) to Dec. 2023 (C$1.19 Mil) and increased from Dec. 2023 (C$1.19 Mil) to Mar. 2024 (C$1.71 Mil).

Scope AI's annual cash, cash equivalents, marketable securities increased from Sep. 2021 (C$0.00 Mil) to Sep. 2022 (C$1.20 Mil) but then declined from Sep. 2022 (C$1.20 Mil) to Sep. 2023 (C$0.05 Mil).

Scope AI Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Scope AI'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.

Scope AI Cash, Cash Equivalents, Marketable Securities Chart

Scope AI Annual Data
Trend Sep21 Sep22 Sep23
Cash, Cash Equivalents, Marketable Securities
- 1.20 0.05

Scope AI Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.66 0.49 0.05 1.19 1.71

Scope AI 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.

Scope AI  (XCNQ:SCPE) 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.

Scope AI Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Scope AI's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Scope AI (XCNQ:SCPE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Scope AI Corp (XCNQ:SCPE) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
TSX:GIVX NEOE:BTQ XCNQ:CYBT TSX:MOGO XCNQ:BYND TSXV:NBVA TSX:OPT TSXV:CLIP XCNQ:PKK TSXV:FOBI MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ
Traded in Other Exchanges
SCPCF:USA
Address
1800 - 510 West Georgia Street, Vancouver, BC, CAN, V6B 0M3
Website
https://www.scopecarboncorp.com
Scope Carbon Corp is a Canadian technology company. It develops Artificial Intelligence (AI) analytical software and intellectual property for use in analyzing data related to nature-based objects (e.g. forests, wetlands, and other areas) as it relates to carbon credit certification. The company's current business plan is to enable large volumes of object based data to be converted into digestible data that carbon credit experts and others are able to use to verify the characteristics of trees, wetlands, and other areas.