Sylogist (TSX:SYZ) Cash And Cash Equivalents : C$9.91 Mil (As of Mar. 2024)

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What is Sylogist Cash And Cash Equivalents?

Sylogist's quarterly cash and cash equivalents declined from Sep. 2023 (C$13.78 Mil) to Dec. 2023 (C$11.61 Mil) but then stayed the same from Dec. 2023 (C$11.61 Mil) to Mar. 2024 (C$9.91 Mil).

Sylogist's annual cash and cash equivalents declined from Sep. 2020 (C$42.80 Mil) to Sep. 2021 (C$29.59 Mil) and declined from Sep. 2021 (C$29.59 Mil) to Dec. 2023 (C$11.61 Mil).

Sylogist Cash And Cash Equivalents Historical Data

The historical data trend for Sylogist'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.

* Premium members only.

Sylogist Cash And Cash Equivalents Chart

Sylogist Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Cash And Cash Equivalents

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31.36

53.10

42.80

29.59

11.61

Sylogist Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															13.88	9.83	13.78	11.61	9.91

Sylogist 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.

Sylogist (TSX:SYZ) 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.

Sylogist Cash And Cash Equivalents Related Terms

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Sylogist (TSX:SYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (TSX:SYZ) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SYZLF:USA

Address

5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.

Executives

Errol Olsen

Director

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