PreveCeutical Medical (XCNQ:PREV) Cash And Cash Equivalents : C$0.00 Mil (As of Sep. 2023)

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What is PreveCeutical Medical Cash And Cash Equivalents?

PreveCeutical Medical's quarterly cash and cash equivalents increased from Sep. 2022 (C$0.00 Mil) to Dec. 2022 (C$0.01 Mil) but then stayed the same from Dec. 2022 (C$0.01 Mil) to Sep. 2023 (C$0.00 Mil).

PreveCeutical Medical's annual cash and cash equivalents declined from Dec. 2020 (C$0.16 Mil) to Dec. 2021 (C$0.02 Mil) and declined from Dec. 2021 (C$0.02 Mil) to Dec. 2022 (C$0.01 Mil).

PreveCeutical Medical Cash And Cash Equivalents Historical Data

The historical data trend for PreveCeutical Medical'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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PreveCeutical Medical Cash And Cash Equivalents Chart

PreveCeutical Medical Annual Data

Trend

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.06

0.03

0.16

0.02

0.01

PreveCeutical Medical Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	-	-	0.01	-

PreveCeutical Medical 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.

PreveCeutical Medical (XCNQ:PREV) 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.

PreveCeutical Medical Cash And Cash Equivalents Related Terms

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PreveCeutical Medical (XCNQ:PREV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » PreveCeutical Medical Inc (XCNQ:PREV) » Definitions » Cash And Cash Equivalents

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PRVCF:USA 18H:Germany

Address

885 Cambie Street, Suite 2500, Vancouver, BC, CAN, V6B 0R6

Website

https://www.preveceutical.com

PreveCeutical Medical Inc is a health sciences company. Its principal business activity is the development of innovative options for preventive and curative therapies utilizing organic and nature-identical products. It is engaged in licensing, branding, and marketing nutraceutical and wellness products.

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