Cathedra Bitcoin (TSXV:CBIT) Cash And Cash Equivalents : C$0.83 Mil (As of Mar. 2024)

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What is Cathedra Bitcoin Cash And Cash Equivalents?

Cathedra Bitcoin's quarterly cash and cash equivalents declined from Sep. 2023 (C$2.96 Mil) to Dec. 2023 (C$0.59 Mil) but then increased from Dec. 2023 (C$0.59 Mil) to Mar. 2024 (C$0.83 Mil).

Cathedra Bitcoin's annual cash and cash equivalents declined from Dec. 2021 (C$9.44 Mil) to Dec. 2022 (C$3.23 Mil) and declined from Dec. 2022 (C$3.23 Mil) to Dec. 2023 (C$0.59 Mil).

Cathedra Bitcoin Cash And Cash Equivalents Historical Data

The historical data trend for Cathedra Bitcoin'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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Cathedra Bitcoin Cash And Cash Equivalents Chart

Cathedra Bitcoin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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10.29

7.05

9.44

3.23

0.59

Cathedra Bitcoin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.23	3.45	2.96	0.59	0.83

Cathedra Bitcoin 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.

Cathedra Bitcoin (TSXV:CBIT) 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.

Cathedra Bitcoin Cash And Cash Equivalents Related Terms

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Cathedra Bitcoin (TSXV:CBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cathedra Bitcoin Inc (TSXV:CBIT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CBTTF:USA FB00:Germany

Address

320 - 638 Broughton Street, Vancouver, BC, CAN, V6G 3K3

Website

https://www.cathedra.com

Cathedra Bitcoin Inc is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 355 PH/s across three states and five locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.

Executives

Thomas Armstrong

Director, Senior Officer

Cathedra Bitcoin (TSXV:CBIT) Headlines

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