Soluna Holdings (Soluna Holdings) Cash And Cash Equivalents : $8.44 Mil (As of Mar. 2024)

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What is Soluna Holdings Cash And Cash Equivalents?

Soluna Holdings's quarterly cash and cash equivalents increased from Sep. 2023 ($5.63 Mil) to Dec. 2023 ($6.37 Mil) and increased from Dec. 2023 ($6.37 Mil) to Mar. 2024 ($8.44 Mil).

Soluna Holdings's annual cash and cash equivalents declined from Dec. 2021 ($10.26 Mil) to Dec. 2022 ($1.14 Mil) but then increased from Dec. 2022 ($1.14 Mil) to Dec. 2023 ($6.37 Mil).

Soluna Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Soluna Holdings'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.

* Premium members only.

Soluna Holdings Cash And Cash Equivalents Chart

Soluna Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2.51

2.63

10.26

1.14

6.37

Soluna Holdings Quarterly Data
	Dec17	Mar18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															4.55	7.46	5.63	6.37	8.44

Soluna Holdings 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.

Soluna Holdings (NAS:SLNH) 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.

Soluna Holdings Cash And Cash Equivalents Related Terms

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Soluna Holdings (Soluna Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Soluna Holdings Inc (NAS:SLNH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

325 Washington Avenue Extension, Albany, NY, USA, 12205

Website

https://www.solunacomputing.com

Soluna Holdings Inc, is a U.S based company that conducts operations through its subsidiary. The group is engaged in the mining of cryptocurrency through data centers that can be powered by renewable energy sources. The data centers buy every excess megawatt to use for batch-oriented, computing-intensive processes such as cryptocurrency mining or machine learning which is a low-risk and low-friction solution to use as a smartphone.

Executives

Jessica L. Thomas	officer: CFO	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
John Belizaire	director, officer: CEO & Pres. of EcoChain Inc.	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Patman Philip F Jr	officer: Chief Financial Officer	9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
William Hazelip	director	C/O MECHANICAL TECHNOLOGY, INC., 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
John Bottomley	director	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Mary Jennifer Oreilly	officer: Chief People Officer	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
William P Phelan	director	C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Michael Toporek	director, other: See Explanation of Responses	C/O MECHANICAL TECHNOLOGY, INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Matthew E. Lipman	director, other: See Explanation of Responses	C/O MECHANICAL TECHNOLOGY, INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
David C Michaels	director	C/O MECHANICAL TECHNOLOGY INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Alykhan Madhavji	director	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Moshe Binyamin	officer: President-MTI Instruments, Inc	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Frederick W. Jones	officer: CHIEF FINANCIAL OFFICER	C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Thomas J Marusak	director	C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Edward R Hirshfield	director, 10 percent owner	122 E.42ND STREET SUITE 4305, NEW YORK NY 10168