Micronet Enertec Cash Flow - Quarterly (NASDAQ:MICT)

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$1.2 $0.04 (3.15%) MICT stock closing price Apr 21, 2017 (Closing)

The financial analysis of MICT requires an investor to check the cash flows for Micronet Enertec. While its important to look at the Micronet Enertec debt position, the cash flow statement becomes equally important because public companies use accrual accounting. For example, if a company sells a product which gets counted as Micronet Enertec revenue but does not convert to cash because it does not receive payment in the same quarter, it affects the cash position for that period. Micronet Enertec had cash and cash equivalents of $2.36M at beginning of quarter and $0.67M at quarter end for 2016-Q4. Micronet Enertec cash flow analysis tells whether or not the company has enough cash for its day to day activities, and for investing for future growth. MICT increase in investments stood at a positive value of $2.04M for the latest 2016-Q4. View details of Micronet Enertec cash flows for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Micronet Enertec Net Income Cash Flow
-7.51M-3.46M-1.93M-0.5M-3.05M-3M-1.63M-0.83M-2.37M-2.19M
Depreciation Depletion Amortization Cash-Flow1.39M1.02M0.68M0.33M1.59M1.23M0.84M0.42M1.44M1.16M
Net Increase (Decrease) in Assets Liabilities1.74M-1.57M-1.74M-2.1M-1.16M-1.29M-1.17M-1.42M-1.86M-1.42M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net0.43M0.49M0.24M0.43M0.29M-0.08M0.13M0.1M1.46M0.48M
Micronet Enertec Net Cash from (used by) Operating Activities
-3.95M-3.52M-2.75M-1.84M-2.32M-3.16M-1.82M-1.73M-1.32M-1.97M
Increase (Decrease) in Prop Plant And Equipment-0.24M-0.15M-0.1M-0.03M-0.36M-0.28M-0.18M-0.1M-0.23M-0.15M
Acquisition Disposition of Subsidiaires---------7.1M-7.1M
Increase (Decrease) in Investments2.64M1.88M0.66M-0.02M0.58M0.71M-0.03M-0.01M-0.32M-0.1M
Other Cash Inflow (Outflow) from Investment Activities-0.35M-0.4M-0.48M-0.53M0.24M-----
Micronet Enertec Net Cash from (used by) Invesment Activities
2.04M1.32M0.08M-0.58M0.46M0.42M-0.22M-0.11M-7.65M-7.36M
Issuance (Purchase) of Equity Shares0.64M0.38M--------
Issuance (Repayment) of Debt Securities0.88M-0.45M-0.36M-0.18M-3.21M-2.25M-1.41M-1.28M3.11M2.15M
Increase (Decrease) in Bank & Other Borrowings-1.17M1.8M2.5M1.16M3.29M1.64M0.64M0.8M3.71M3.17M
Payment of Dividends & Other Cash Distributions----------
Other Cash from (used by) Financing Activities-----0.05M----1.57M-1.57M
Micronet Enertec Net Cash from (used by) Financing Activities
0.35M1.73M2.13M0.98M0.03M-0.6M-0.76M-0.48M5.25M3.75M
Effect of Exchange Rate Changes on Cash-0.14M0.08M0.04M0.04M-0.02M-0.11M0.3M-0.21M-0.5M-0.38M
Micronet Enertec Net Change in Cash & Cash Equivalents
-1.69M-0.39M-0.48M-1.39M-1.85M-3.46M-2.51M-2.54M-4.23M-5.96M
Cash & Equivalents at Beginning of Year2.36M4.21M12.82M10.61M0.94M0.62M----
Cash & Equivalents at Year End0.67M1.96M1.87M0.96M2.36M5.13M6.07M6.05M8.59M6.86M
All figures in USD. M: Millions of USD, B: Billions of USD.
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While Micronet Enertec stock price history provides the price history of a stock, Micronet Enertec stock comparison chart shows the same in comparison to peers, and cash flow statements provide cash position of the company. Common terms used in the statement of cash flows are:
  • Micronet Enertec has cash of $0.67M on hand. A healthy amount of cash on hand is necessary for any company. Cash has an opportunity cost associated with it, and too much cash in bank may mean that the firm has no or limited growth plans. Hence its important to track the Net Change in Cash and Cash Equivalents along with the Micronet Enertec stock price.
  • Micronet Enertec decreased its cash from operating activities to $0.43M in 2016-Q4. Operating activities include production of goods or creating a product or providing a service, and collecting payment for the same from customers. The cash generated from these activities is refered to as cash flow from operating activities.
  • Growth companies (typically most tech companies) spend heavily  on investing activities and this figure was positive at $2.04M for MICT stock. Sometimes a company might have a negative overall cash flow which may not be really bad if it is due to investment expenses. Hence it is important to check the cash flow from investment activities.
  • Cash Flow from financing activities: The cash inflow/outflow from financing activities was $0.35M for Micronet Enertec. The money accounted for under this head comes from external sources which includes lenders, investors and shareholders. Positive cash flow is generated when the company gets cash because of issuance of stocks or bonds. Similarly negative cash flow is generated when shares are repurchased, dividend payments are made, and loans or interest on loans are paid back.
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