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Highwater Ethanol LLC's quarterly cash, cash equivalents, marketable securities increased from Jul. 2023 ($21.02 Mil) to Oct. 2023 ($41.52 Mil) but then stayed the same from Oct. 2023 ($41.52 Mil) to Jan. 2024 ($22.83 Mil).
Highwater Ethanol LLC's annual cash, cash equivalents, marketable securities increased from Oct. 2021 ($7.55 Mil) to Oct. 2022 ($29.79 Mil) and increased from Oct. 2022 ($29.79 Mil) to Oct. 2023 ($41.52 Mil).
The historical data trend for Highwater Ethanol LLC's Cash, Cash Equivalents, Marketable Securities 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.
Highwater Ethanol LLC Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 1.64 | 0.67 | 7.55 | 29.79 | 41.52 |
Highwater Ethanol LLC Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 13.51 | 14.36 | 21.02 | 41.52 | 22.83 |
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.
Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.
Highwater Ethanol LLC (GREY:HEOL) Cash, Cash Equivalents, Marketable Securities Explanation
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.
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.
Thank you for viewing the detailed overview of Highwater Ethanol LLC's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Gerald R Forsythe | director | 600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089 |
Mark Warren Pankonin | director | 23620 COUNTY ROAD 4 LAMBERTON MN 56152 |
David Richard Eis | officer: Governor | 26116 GARDEN AVE WABASSO MN 56293 |
Lucas Grant Schneider | officer: Chief Financial Officer | 2858 LINDEN AVENUE SLAYTON MN 56172 |
Luke T Spalj | other: Govenor | 1360 POST OAK BLVD, STE 2100, HOUSTON TX 77056 |
Scott A Brittenham | director | 4400 E. BROADWAY SUITE 600 TUSCON AZ 85711 |
Rex Roehl | director | 600 NORTH BUFFALO GROVE ROAD, SUITE 300 BUFFALO GROVE IL 60089 |
Mark W Peterson | officer: CFO | 712 W VICTORY LANE SIOUX FALLS SD 57108 |
Jason Ray Fink | director | 3903 COVEY TR MINNETRISTA MN 55375 |
George Michael Goblish | director | 32866 DAYTON AVENUE VESTA MN 56292 |
Ronald Eric Jorgenson | director | 33689 CO ROAD 4 JEFFERS MN 56145 |
Brian D Kletscher | director, officer: CEO | 26161 140TH ST LAMBERTON MN 56152 |
Michael John Landuyt | director | 13526 CAMP AVENUE WALNUT GROVE MN 56180 |
Todd Allen Reif | director | 123 SAVANNAH HEIGHTS BLVD LYND MN 56175 |
Monica Rose Anderson | director | 2736 211TH STREET WALNUT GROVE MN 56180 |
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