MMTEC (MTC) Ending Cash Position : $1.78 Mil (As of Dec. 2023)

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What is MMTEC Ending Cash Position?

MMTEC's Ending Cash Position for the quarter that ended in Dec. 2023 was $1.78 Mil.

MMTEC's quarterly Ending Cash Position declined from Dec. 2022 ($3.83 Mil) to Jun. 2023 ($2.00 Mil) and declined from Jun. 2023 ($2.00 Mil) to Dec. 2023 ($1.78 Mil).

MMTEC's annual Ending Cash Position declined from Dec. 2021 ($11.21 Mil) to Dec. 2022 ($3.83 Mil) and declined from Dec. 2022 ($3.83 Mil) to Dec. 2023 ($1.78 Mil).

MMTEC Ending Cash Position Historical Data

The historical data trend for MMTEC's Ending Cash Position 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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MMTEC Ending Cash Position Chart

MMTEC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Ending Cash Position

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3.64

1.43

11.21

3.83

1.78

MMTEC Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Ending Cash Position	Get a 7-Day Free Trial										11.21	7.02	3.83	2.00	1.78

MMTEC Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

MMTEC's Ending Cash Position for the fiscal year that ended in Dec. 2023 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	3.826	+	-2.051
	=	1.78

MMTEC's Ending Cash Position for the quarter that ended in Dec. 2023 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	2.004	+	-0.229
	=	1.78

MMTEC Ending Cash Position Related Terms

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MMTEC (MTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MMTEC Inc (NAS:MTC) » Definitions » Ending Cash Position

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o MM Future Technology Limited, 308 Des Voeux Road Central, Room 2302, 23rd Floor, FWD Financial Center, Sheung Wan, HKG

Website

https://www.haisc.com

MMTEC Inc provides Internet-based technology services and solutions to the Chinese language speaking hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms engaging in securities market transactions and settlements globally. It offers complete suite trading solutions, including services such as fund establishment, issuance, custody, transaction, and settlement. The Company currently has two operating segments, Gujia, MM Future, MMBD Advisory and HC Securities, and MM Global. It generates maximum revenue from the Gujia segment. Gujia segment provides market data services and investor relations management services to customers in China.