CryptoStar (TSXV:CSTR) Cash And Cash Equivalents : C$2.93 Mil (As of Dec. 2023)

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What is CryptoStar Cash And Cash Equivalents?

CryptoStar's quarterly cash and cash equivalents declined from Mar. 2023 (C$4.25 Mil) to Sep. 2023 (C$3.34 Mil) but then stayed the same from Sep. 2023 (C$3.34 Mil) to Dec. 2023 (C$2.93 Mil).

CryptoStar's annual cash and cash equivalents declined from Dec. 2021 (C$9.02 Mil) to Dec. 2022 (C$5.42 Mil) and declined from Dec. 2022 (C$5.42 Mil) to Dec. 2023 (C$2.93 Mil).

CryptoStar Cash And Cash Equivalents Historical Data

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

CryptoStar Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.15

0.52

9.02

5.42

2.93

CryptoStar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.27	5.42	4.25	3.34	2.93

CryptoStar 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.

CryptoStar (TSXV:CSTR) 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.

CryptoStar Cash And Cash Equivalents Related Terms

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CryptoStar (TSXV:CSTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CryptoStar Corp (TSXV:CSTR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CSTXF:USA

Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

https://www.cryptostar.com

CryptoStar Corp is a cryptocurrency mining company with data centres around the globe. The Company has two reportable segments based on geographical locations: Canada and the USA, and three reportable segments based on operations: self-mining, hosting and miner sales, along with a Head Office segment. The company derives its income from digital currency received for providing mining services to a digital currency blockchain. It generates a majority of its revenue from the United States.

Executives

Adam Kline

Director