Ackroo (TSXV:AKR) Cash And Cash Equivalents : C$0.19 Mil (As of Mar. 2024)

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What is Ackroo Cash And Cash Equivalents?

Ackroo's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.11 Mil) to Dec. 2023 (C$0.20 Mil) but then stayed the same from Dec. 2023 (C$0.20 Mil) to Mar. 2024 (C$0.19 Mil).

Ackroo's annual cash and cash equivalents declined from Dec. 2021 (C$0.77 Mil) to Dec. 2022 (C$0.01 Mil) but then increased from Dec. 2022 (C$0.01 Mil) to Dec. 2023 (C$0.20 Mil).

Ackroo Cash And Cash Equivalents Historical Data

The historical data trend for Ackroo'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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Ackroo Cash And Cash Equivalents Chart

Ackroo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.03

1.93

0.77

0.01

0.20

Ackroo Quarterly Data
	Jun19	Sep19	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															0.11	0.11	0.11	0.20	0.19

Ackroo 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.

Ackroo (TSXV:AKR) 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.

Ackroo Cash And Cash Equivalents Related Terms

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Ackroo (TSXV:AKR) Business Description

Industry

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Traded in Other Exchanges

AKRFF:USA

Address

1250 South Service Road, Unit A3-1 (3rd Floor), Hamilton, ON, CAN, L8E 5R9

Website

https://www.ackroo.com

Ackroo Inc provides marketing, payment, and point-of-sale solutions for merchants of all sizes. Through a SaaS-based business model, the company provides an in-store and online automated solution to help merchants process loyalty, gift card, and promotional transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their loyalty and gift card accounts. Its payment services provide merchants with low-cost payment processing options through some of the world's largest payment technology and service providers. Ackroo's hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries including golf clubs, automotive dealers, and more.

Executives

Stephen Alexander Levely

Senior Officer