SolarMax Technology (SolarMax Technology) Ending Cash Position : $5.29 Mil (As of Mar. 2024)

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What is SolarMax Technology Ending Cash Position?

SolarMax Technology's Ending Cash Position for the quarter that ended in Mar. 2024 was $5.29 Mil.

SolarMax Technology's quarterly Ending Cash Position declined from Sep. 2023 ($4.19 Mil) to Dec. 2023 ($2.89 Mil) but then increased from Dec. 2023 ($2.89 Mil) to Mar. 2024 ($5.29 Mil).

SolarMax Technology's annual Ending Cash Position declined from Dec. 2021 ($13.40 Mil) to Dec. 2022 ($4.17 Mil) and declined from Dec. 2022 ($4.17 Mil) to Dec. 2023 ($2.89 Mil).

SolarMax Technology Ending Cash Position Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Ending Cash Position Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Ending Cash Position

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17.66

21.85

13.40

4.17

2.89

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Ending Cash Position	Get a 7-Day Free Trial															8.53	4.02	4.19	2.89	5.29

SolarMax Technology 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.

SolarMax Technology'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
	=	4.17	+	-1.276
	=	2.89

SolarMax Technology's Ending Cash Position for the quarter that ended in Mar. 2024 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	2.894	+	2.392
	=	5.29

SolarMax Technology Ending Cash Position Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Ending Cash Position

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6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024