Neptune Digital Assets (TSXV:NDA) Cash And Cash Equivalents : C$0.62 Mil (As of Feb. 2024)

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What is Neptune Digital Assets Cash And Cash Equivalents?

Neptune Digital Assets's quarterly cash and cash equivalents declined from Aug. 2023 (C$2.92 Mil) to Nov. 2023 (C$0.38 Mil) but then increased from Nov. 2023 (C$0.38 Mil) to Feb. 2024 (C$0.62 Mil).

Neptune Digital Assets's annual cash and cash equivalents increased from Aug. 2021 (C$0.16 Mil) to Aug. 2022 (C$4.76 Mil) but then declined from Aug. 2022 (C$4.76 Mil) to Aug. 2023 (C$2.92 Mil).

Neptune Digital Assets Cash And Cash Equivalents Historical Data

The historical data trend for Neptune Digital Assets'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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Neptune Digital Assets Cash And Cash Equivalents Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

0.51

0.12

0.16

4.76

2.92

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.35	1.52	2.92	0.38	0.62

Neptune Digital Assets 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.

Neptune Digital Assets (TSXV:NDA) 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.

Neptune Digital Assets Cash And Cash Equivalents Related Terms

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Neptune Digital Assets (TSXV:NDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Neptune Digital Assets Corp (TSXV:NDA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NPPTF:USA 1NW:Germany

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.

Executives

Neptune Digital Assets Corp.

Issuer

Neptune Digital Assets (TSXV:NDA) Headlines

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