Society Pass (Society Pass) Cash, Cash Equivalents, Marketable Securities : $3.63 Mil (As of Dec. 2023)

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What is Society Pass Cash, Cash Equivalents, Marketable Securities?

Society Pass's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($10.84 Mil) to Sep. 2023 ($8.22 Mil) but then stayed the same from Sep. 2023 ($8.22 Mil) to Dec. 2023 ($3.63 Mil).

Society Pass's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($23.27 Mil) to Dec. 2022 ($18.93 Mil) and declined from Dec. 2022 ($18.93 Mil) to Dec. 2023 ($3.63 Mil).

Society Pass Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Society Pass's Cash, Cash Equivalents, Marketable Securities 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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Society Pass Cash, Cash Equivalents, Marketable Securities Chart

Society Pass Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.61

0.51

23.27

18.93

3.63

Society Pass Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												18.93	13.76	10.84	8.22	3.63

Society Pass Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Society Pass (NAS:SOPA) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Society Pass Cash, Cash Equivalents, Marketable Securities Related Terms

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Society Pass (Society Pass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Society Pass Inc (NAS:SOPA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 South Carson Street, Suite 200, Carson, NV, USA, 89701

Website

https://www.thesocietypass.com

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

Executives

Nguyen Dennis Luan Thuc	director, officer: Chief Executive Officer	2740 WEST LAKE OF THE ISLES PARKWAY, MINNEAPOLIS MN 55416
Jeremy Miller	director	701 S CARSON STREET, SUITE 200, CARSON CITY NV 89701
Bien Kiat Tan	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Hien Yuki Phan	officer: Manager, Marketing	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Liang Raynauld Wee Leong	officer: CFO/Singapore Country Gen Mgr	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Cham Thi Ngo	officer: Chief Accountant/Head of Admin	P603 INTRACOM BLDG., 66 TRUNG VAN, NAM TU LIEM DISTRICT, HANOI Q1 10000
Shashi Kant Mishra	officer: Manager, IT Security/Analytics	B 611/612, NOIDAONE, B-BLOCK, SECTOR 63, NOIDA, NOIDA K7 201301
John Sebastian Mackay	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Linda Susan Cutler	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Yee Siong Tan	officer: Financial Controller	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Pamela Aw-young	officer: COO	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Gautier Loic Erwan Kevin	officer: Chief Marketing Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Brun Pierre Antoine Frank Jacques	officer: Chief Technology Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701