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Starrex International (Starrex International) Cash, Cash Equivalents, Marketable Securities : $2.34 Mil (As of Dec. 2023)


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What is Starrex International Cash, Cash Equivalents, Marketable Securities?

Starrex International's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($3.70 Mil) to Sep. 2023 ($5.18 Mil) but then stayed the same from Sep. 2023 ($5.18 Mil) to Dec. 2023 ($2.34 Mil).

Starrex International's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($2.17 Mil) to Dec. 2022 ($7.86 Mil) but then declined from Dec. 2022 ($7.86 Mil) to Dec. 2023 ($2.34 Mil).

Starrex International Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Starrex International'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.

Starrex International Cash, Cash Equivalents, Marketable Securities Chart

Starrex International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 1.49 2.17 7.86 2.34

Starrex International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.86 5.43 3.70 5.18 2.34

Starrex International 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.

Starrex International  (OTCPK:STXMF) 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.

Starrex International Cash, Cash Equivalents, Marketable Securities Related Terms

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Starrex International (Starrex International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Starrex International Ltd (OTCPK:STXMF) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
STX:Canada
Address
1250, 639 - 5th Avenue South West, Calgary, AB, CAN, T2P 0M9
Website
https://www.starrexintl.com
Starrex International Ltd is engaged in acquiring, managing, and growing companies in the United States active in the mortgage, real estate, and other financial sectors. it operates in three segments; Property Interlink, LLC managed residential appraisals and maintained all of the ordering, tracking, administrative duties and details and ensured the timeliness of appraisals that are handled during a real estate mortgage transaction, MFI Credit Solutions, LLC manages consumer credit reporting and maintains all of the ordering, tracking, administrative duties and details required to support consumer credit reporting activities, and Reliable Valuation Service, LLC provided residential evaluations of residential real estate to third parties.