Orbit Technologies (XTAE:ORBI) Cash And Cash Equivalents : ₪68.7 Mil (As of Jun. 2023)

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What is Orbit Technologies Cash And Cash Equivalents?

Orbit Technologies's quarterly cash and cash equivalents declined from Dec. 2022 (₪81.47 Mil) to Mar. 2023 (₪70.94 Mil) but then stayed the same from Mar. 2023 (₪70.94 Mil) to Jun. 2023 (₪68.72 Mil).

Orbit Technologies's annual cash and cash equivalents increased from Dec. 2020 (₪0.00 Mil) to Dec. 2021 (₪111.97 Mil) but then declined from Dec. 2021 (₪111.97 Mil) to Dec. 2022 (₪81.47 Mil).

Orbit Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Orbit 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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Orbit Technologies Cash And Cash Equivalents Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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45.01

45.94

111.97

81.47

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial						-	-	81.47	70.94	68.72

Orbit 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.

Orbit Technologies (XTAE:ORBI) 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.

Orbit Technologies Cash And Cash Equivalents Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Cash And Cash Equivalents

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Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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