FendX Technologies (XCNQ:FNDX) Cash And Cash Equivalents : C$1.49 Mil (As of Mar. 2024)

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What is FendX Technologies Cash And Cash Equivalents?

FendX Technologies's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.73 Mil) to Dec. 2023 (C$0.27 Mil) but then increased from Dec. 2023 (C$0.27 Mil) to Mar. 2024 (C$1.49 Mil).

FendX Technologies's annual cash and cash equivalents declined from Dec. 2021 (C$1.08 Mil) to Dec. 2022 (C$0.03 Mil) but then increased from Dec. 2022 (C$0.03 Mil) to Dec. 2023 (C$0.27 Mil).

FendX Technologies Cash And Cash Equivalents Historical Data

The historical data trend for FendX 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.

* Premium members only.

FendX Technologies Cash And Cash Equivalents Chart

FendX Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.08

0.03

0.27

FendX Technologies Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial					2.60	1.35	0.73	0.27	1.49

FendX 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.

FendX Technologies (XCNQ:FNDX) 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.

FendX Technologies Cash And Cash Equivalents Related Terms

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FendX Technologies (XCNQ:FNDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FendX Technologies Inc (XCNQ:FNDX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FDXTF:USA E8D:Germany

Address

2010 Winston Park Drive, 2nd Floor, Oakville, ON, CAN, L6H 5R7

Website

https://www.fendxtech.com

FendX Technologies Inc is a technology company focused on developing surface protection products that protect surfaces from pathogen contamination. It is focused on the research, development and commercialization of surface protection coatings using Licensed Technology. The company is currently developing its anticipated first product, REPELWRAP to protect high-contact surfaces from contamination to reduce the transmission of harmful pathogens. The Company has a growing intellectual property portfolio consisting of licensed nonprovisional national stage patent applications.