Carbonxt Group (ASX:CG1) Cash And Cash Equivalents : A$1.65 Mil (As of Dec. 2023)

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What is Carbonxt Group Cash And Cash Equivalents?

Carbonxt Group's quarterly cash and cash equivalents declined from Dec. 2022 (A$6.17 Mil) to Jun. 2023 (A$4.31 Mil) but then stayed the same from Jun. 2023 (A$4.31 Mil) to Dec. 2023 (A$1.65 Mil).

Carbonxt Group's annual cash and cash equivalents declined from Jun. 2021 (A$1.65 Mil) to Jun. 2022 (A$1.09 Mil) but then increased from Jun. 2022 (A$1.09 Mil) to Jun. 2023 (A$4.31 Mil).

Carbonxt Group Cash And Cash Equivalents Historical Data

The historical data trend for Carbonxt Group'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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Carbonxt Group Cash And Cash Equivalents Chart

Carbonxt Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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2.38

0.31

1.65

1.09

4.31

Carbonxt Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								1.16	1.09	6.17	4.31	1.65

Carbonxt Group 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.

Carbonxt Group (ASX:CG1) 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.

Carbonxt Group Cash And Cash Equivalents Related Terms

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Carbonxt Group (ASX:CG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carbonxt Group Ltd (ASX:CG1) » Definitions » Cash And Cash Equivalents

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CKV:Germany

Address

3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606

Website

https://www.carbonxt.com

Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of revenue from the United States of America. The company product comprises coal-fired power plants, cement plants, waste to energy, potable water and other applications.

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