Gaxos.AI (Gaxos.AI) Cash, Cash Equivalents, Marketable Securities : $5.40 Mil (As of Mar. 2024)

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What is Gaxos.AI Cash, Cash Equivalents, Marketable Securities?

Gaxos.AI's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($4.34 Mil) to Dec. 2023 ($3.62 Mil) but then increased from Dec. 2023 ($3.62 Mil) to Mar. 2024 ($5.40 Mil).

Gaxos.AI's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($2.08 Mil) to Dec. 2022 ($0.68 Mil) but then increased from Dec. 2022 ($0.68 Mil) to Dec. 2023 ($3.62 Mil).

Gaxos.AI Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gaxos.AI'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.

Gaxos.AI Cash, Cash Equivalents, Marketable Securities Chart

Gaxos.AI Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

2.08

0.68

3.62

Gaxos.AI Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				5.72	5.22	4.34	3.62	5.40

Gaxos.AI 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.

Gaxos.AI (NAS:GXAI) 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.

Gaxos.AI Cash, Cash Equivalents, Marketable Securities Related Terms

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Gaxos.AI (Gaxos.AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gaxos.AI Inc (NAS:GXAI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Eisenhower Parkway, Suite 300, Roseland, NJ, USA, 07068

Website

https://www.nftgco.com

Gaxos.AI Inc formerly NFT Gaming Co Inc is developing a digital gaming platform that will offer its proprietary games as well as games developed and published by third parties. It is developing a gaming platform, called Gaxos, founded with a vision to develop, design, acquire, and manage conventional games and to combine these games with unconventional game mechanisms, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, levels, and virtual lands.

Executives

Vadim Mats	director, officer: Chief Executive Officer	285 GRAND AVENUE, ENGLEWOOD NJ 07631
Steven A Shorr	officer: Chief Financial Officer	33 MAIDEN LANE, 5TH FLOOR, NEW YORK NY 10038
Scott Grayson	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Adam Holzer	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Alex Kisin	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068