The Good Shroom Co (The Good Shroom Co) Cash And Cash Equivalents : $0.26 Mil (As of Jan. 2024)

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What is The Good Shroom Co Cash And Cash Equivalents?

The Good Shroom Co's quarterly cash and cash equivalents increased from Jul. 2023 ($0.29 Mil) to Oct. 2023 ($0.30 Mil) but then stayed the same from Oct. 2023 ($0.30 Mil) to Jan. 2024 ($0.26 Mil).

The Good Shroom Co's annual cash and cash equivalents declined from Jul. 2021 ($1.29 Mil) to Jul. 2022 ($0.53 Mil) and declined from Jul. 2022 ($0.53 Mil) to Jul. 2023 ($0.29 Mil).

The Good Shroom Co Cash And Cash Equivalents Historical Data

The historical data trend for The Good Shroom Co'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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The Good Shroom Co Cash And Cash Equivalents Chart

The Good Shroom Co Annual Data

Trend

Jul21

Jul22

Jul23

Cash And Cash Equivalents

1.29

0.53

0.29

The Good Shroom Co Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.35	0.21	0.29	0.30	0.26

The Good Shroom Co 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.

The Good Shroom Co (OTCPK:TGSHF) 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.

The Good Shroom Co Cash And Cash Equivalents Related Terms

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The Good Shroom Co (The Good Shroom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (OTCPK:TGSHF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.thegoodshroom.co

The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

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