Critical Infrastructure Technologies (XCNQ:CTTT) Cash And Cash Equivalents : C$0.15 Mil (As of Mar. 2024)

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What is Critical Infrastructure Technologies Cash And Cash Equivalents?

Critical Infrastructure Technologies's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.18 Mil) to Dec. 2023 (C$0.02 Mil) but then increased from Dec. 2023 (C$0.02 Mil) to Mar. 2024 (C$0.15 Mil).

Critical Infrastructure Technologies's annual cash and cash equivalents increased from Jun. 2021 (C$0.02 Mil) to Jun. 2022 (C$0.15 Mil) and increased from Jun. 2022 (C$0.15 Mil) to Jun. 2023 (C$0.39 Mil).

Critical Infrastructure Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Critical Infrastructure Technologies'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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Critical Infrastructure Technologies Cash And Cash Equivalents Chart

Critical Infrastructure Technologies Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.02

0.15

0.39

Critical Infrastructure Technologies Quarterly Data
	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.60	0.39	0.18	0.02	0.15

Critical Infrastructure Technologies 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.

Critical Infrastructure Technologies (XCNQ:CTTT) 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.

Critical Infrastructure Technologies Cash And Cash Equivalents Related Terms

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Critical Infrastructure Technologies (XCNQ:CTTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Critical Infrastructure Technologies Ltd (XCNQ:CTTT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1

Website

https://www.citech.com.au

Critical Infrastructure Technologies Ltd designs and develops rapidly deployable infrastructure and power systems to support life and mission-critical applications. The company's product set is a range of rapidly deployable, high-capacity communications platforms called the NEXUS 16 and CiNet. The NEXUS 16 is a fully integrated, high-capacity communications platform that can be quickly and safely transported to remote and hostile locations and be fully operational and transmitted in under 60 minutes. CiNet was built to support the Nexus products and provide seamless integration into the operator's own Network Management Systems.

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