MiMedia Holdings (TSXV:MIM) Cash, Cash Equivalents, Marketable Securities : C$2.31 Mil (As of Dec. 2023)

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What is MiMedia Holdings Cash, Cash Equivalents, Marketable Securities?

MiMedia Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (C$2.16 Mil) to Sep. 2023 (C$3.34 Mil) but then stayed the same from Sep. 2023 (C$3.34 Mil) to Dec. 2023 (C$2.31 Mil).

MiMedia Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (C$0.18 Mil) to Dec. 2022 (C$0.78 Mil) and increased from Dec. 2022 (C$0.78 Mil) to Dec. 2023 (C$2.31 Mil).

MiMedia Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MiMedia Holdings'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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MiMedia Holdings Cash, Cash Equivalents, Marketable Securities Chart

MiMedia Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.18

0.78

2.31

MiMedia Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							0.78	3.23	2.16	3.34	2.31

MiMedia Holdings 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.

MiMedia Holdings (TSXV:MIM) 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.

MiMedia Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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MiMedia Holdings (TSXV:MIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MiMedia Holdings Inc (TSXV:MIM) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o WeWork, 85 Broad Street, New York, NY, USA, 10004

Website

http://www.mimedia.com

MiMedia Holdings Inc provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

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