Maxim Power (Maxim Power) Cash And Cash Equivalents : $62.95 Mil (As of Mar. 2024)

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What is Maxim Power Cash And Cash Equivalents?

Maxim Power's quarterly cash and cash equivalents declined from Sep. 2023 ($32.45 Mil) to Dec. 2023 ($24.04 Mil) but then increased from Dec. 2023 ($24.04 Mil) to Mar. 2024 ($62.95 Mil).

Maxim Power's annual cash and cash equivalents increased from Dec. 2021 ($10.59 Mil) to Dec. 2022 ($37.82 Mil) but then declined from Dec. 2022 ($37.82 Mil) to Dec. 2023 ($24.04 Mil).

Maxim Power Cash And Cash Equivalents Historical Data

The historical data trend for Maxim Power's Cash And Cash Equivalents 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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Maxim Power Cash And Cash Equivalents Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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15.89

9.57

10.59

37.82

24.04

Maxim Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															37.52	34.54	32.45	24.04	62.95

Maxim Power Cash And Cash Equivalents 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.

Maxim Power (OTCPK:MXGFF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Maxim Power Cash And Cash Equivalents Related Terms

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Maxim Power (Maxim Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (OTCPK:MXGFF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

MXG:Canada

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.