BMIT Technologies (MAL:BMIT) Cash And Cash Equivalents : €3.75 Mil (As of Dec. 2023)

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What is BMIT Technologies Cash And Cash Equivalents?

BMIT Technologies's quarterly cash and cash equivalents declined from Dec. 2022 (€6.25 Mil) to Jun. 2023 (€4.34 Mil) but then stayed the same from Jun. 2023 (€4.34 Mil) to Dec. 2023 (€3.75 Mil).

BMIT Technologies's annual cash and cash equivalents increased from Dec. 2021 (€5.80 Mil) to Dec. 2022 (€6.25 Mil) but then declined from Dec. 2022 (€6.25 Mil) to Dec. 2023 (€3.75 Mil).

BMIT Technologies Cash And Cash Equivalents Historical Data

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

BMIT Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.35

3.92

5.80

6.25

3.75

BMIT Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							5.80	3.73	6.25	4.34	3.75

BMIT 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.

BMIT Technologies (MAL:BMIT) 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.

BMIT Technologies Cash And Cash Equivalents Related Terms

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BMIT Technologies (MAL:BMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BMIT Technologies PLC (MAL:BMIT) » Definitions » Cash And Cash Equivalents

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N/A

Address

Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001

Website

https://www.bmit.com.mt

BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

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