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Scope AI (XCNQ:SCPE) Cash And Cash Equivalents : C$1.19 Mil (As of Dec. 2023)


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What is Scope AI Cash And Cash Equivalents?

Scope AI's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.03 Mil) to Sep. 2023 (C$0.05 Mil) and increased from Sep. 2023 (C$0.05 Mil) to Dec. 2023 (C$1.19 Mil).

Scope AI's annual cash and cash equivalents increased from Sep. 2021 (C$0.00 Mil) to Sep. 2022 (C$0.19 Mil) but then declined from Sep. 2022 (C$0.19 Mil) to Sep. 2023 (C$0.05 Mil).

Scope AI Cash And Cash Equivalents Historical Data

The historical data trend for Scope AI'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.

Scope AI Cash And Cash Equivalents Chart

Scope AI Annual Data
Trend Sep21 Sep22 Sep23
Cash And Cash Equivalents
- 0.19 0.05

Scope AI Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.01 0.03 0.05 1.19

Scope AI 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.

Scope AI  (XCNQ:SCPE) 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.

Scope AI Cash And Cash Equivalents Related Terms

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Scope AI (XCNQ:SCPE) Business Description

Industry
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Traded in Other Exchanges
SCPCF:USA
Address
1800 - 510 West Georgia Street, Vancouver, BC, CAN, V6B 0M3
Website
https://www.scopecarboncorp.com
Scope Carbon Corp is a Canadian technology company. It develops Artificial Intelligence (AI) analytical software and intellectual property for use in analyzing data related to nature-based objects (e.g. forests, wetlands, and other areas) as it relates to carbon credit certification. The company's current business plan is to enable large volumes of object based data to be converted into digestible data that carbon credit experts and others are able to use to verify the characteristics of trees, wetlands, and other areas.