Gryphon Digital Mining (Gryphon Digital Mining) Cash, Cash Equivalents, Marketable Securities : $0.77 Mil (As of Dec. 2023)

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What is Gryphon Digital Mining Cash, Cash Equivalents, Marketable Securities?

Gryphon Digital Mining's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.92 Mil) to Dec. 2022 ($0.88 Mil) but then stayed the same from Dec. 2022 ($0.88 Mil) to Dec. 2023 ($0.77 Mil).

Gryphon Digital Mining's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.92 Mil) to Dec. 2022 ($0.88 Mil) and declined from Dec. 2022 ($0.88 Mil) to Dec. 2023 ($0.77 Mil).

Gryphon Digital Mining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gryphon Digital Mining's Cash, Cash Equivalents, Marketable Securities 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.

Gryphon Digital Mining Cash, Cash Equivalents, Marketable Securities Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.92

0.88

0.77

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Cash, Cash Equivalents, Marketable Securities	0.92	0.88	0.77

Gryphon Digital Mining Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Gryphon Digital Mining (NAS:GRYP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Gryphon Digital Mining Cash, Cash Equivalents, Marketable Securities Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

From GuruFocus

Gryphon Digital Mining Announces January Operational Update

By PRNewswire • 02-13-2024