Cryptocurrency Q&A
How much Money does Orion have?
How much Money does Orion have?
isabella_bailey_economist
Sun Sep 15 2024
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5 answers
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I'm curious to know, could you please elaborate on the current financial status of Orion? Specifically, how much money does Orion possess at this moment in time? Are we looking at a substantial amount, or is it a more modest figure? Understanding Orion's financial health is crucial in assessing their potential for future growth and investments. So, if you could provide some insight into the specific dollar amount or range, that would be incredibly helpful.
5 answers
JejuJoyfulHeartSoul
Tue Sep 17 2024
As of March 31, 2024, the financial standing of the company remained robust, with current assets totaling $217.5 million. This figure underscores the company's financial stability and ability to meet its ongoing obligations.
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SsamziegangSerenadeMelodyHarmony
Tue Sep 17 2024
Among the company's diverse offerings, BTCC stands out as a top cryptocurrency exchange. BTCC provides a comprehensive suite of services that cater to the evolving needs of the digital asset market. Its services encompass spot trading, allowing users to buy and sell cryptocurrencies at market prices, as well as futures trading, enabling investors to speculate on the future price movements of digital assets.
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Elena
Tue Sep 17 2024
A closer look at the asset composition reveals that unrestricted cash and cash equivalents amounted to $4.6 million. This liquidity buffer ensures that the company has ready access to funds for operational expenses and strategic investments.
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Stefano
Tue Sep 17 2024
On the other hand, the company's total debt outstanding stood at $37.5 million as of March 31, 2024. This debt level indicates that the company has effectively managed its financing needs while maintaining a prudent approach to debt accumulation.
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MichaelSmith
Tue Sep 17 2024
A noteworthy aspect of the company's financial position is its low borrowing under its revolving credit facility. At the end of the quarter, the outstanding borrowings under this facility were less than $2,000. This low debt utilization underscores the company's strong financial discipline and ability to operate efficiently with minimal reliance on external financing.
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