BlockchainK2 (BlockchainK2) Cash And Cash Equivalents : $0.01 Mil (As of Dec. 2023)

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What is BlockchainK2 Cash And Cash Equivalents?

BlockchainK2's quarterly cash and cash equivalents declined from Jun. 2023 ($0.16 Mil) to Sep. 2023 ($0.03 Mil) but then stayed the same from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.01 Mil).

BlockchainK2's annual cash and cash equivalents declined from Sep. 2021 ($0.45 Mil) to Sep. 2022 ($0.03 Mil) and declined from Sep. 2022 ($0.03 Mil) to Sep. 2023 ($0.03 Mil).

BlockchainK2 Cash And Cash Equivalents Historical Data

The historical data trend for BlockchainK2's Cash And Cash Equivalents 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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BlockchainK2 Cash And Cash Equivalents Chart

BlockchainK2 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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1.62

1.07

0.45

0.03

BlockchainK2 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.02	0.01	0.16	0.03	0.01

BlockchainK2 Cash And Cash Equivalents 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.

BlockchainK2 (OTCPK:BIDCF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

BlockchainK2 Cash And Cash Equivalents Related Terms

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BlockchainK2 (BlockchainK2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (OTCPK:BIDCF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KRL2:Germany BITK:Canada

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.blockchaink2.com

BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.