FendX Technologies (XCNQ:FNDX) Cash, Cash Equivalents, Marketable Securities : C$0.27 Mil (As of Dec. 2023)

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What is FendX Technologies Cash, Cash Equivalents, Marketable Securities?

FendX Technologies's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (C$1.35 Mil) to Sep. 2023 (C$0.73 Mil) but then stayed the same from Sep. 2023 (C$0.73 Mil) to Dec. 2023 (C$0.27 Mil).

FendX Technologies's annual cash, cash equivalents, marketable securities 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, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for FendX Technologies'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.

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FendX Technologies Cash, Cash Equivalents, Marketable Securities Chart

FendX Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

1.08

0.03

0.27

FendX Technologies Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				0.03	2.60	1.35	0.73	0.27

FendX Technologies 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.

FendX Technologies (XCNQ:FNDX) 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.

FendX Technologies Cash, Cash Equivalents, Marketable Securities 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, Cash Equivalents, Marketable Securities

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.