MJ Harvest (MJ Harvest) Cash, Cash Equivalents, Marketable Securities : $0.16 Mil (As of Feb. 2023)

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What is MJ Harvest Cash, Cash Equivalents, Marketable Securities?

MJ Harvest's quarterly cash, cash equivalents, marketable securities declined from Aug. 2022 ($0.08 Mil) to Nov. 2022 ($0.05 Mil) but then increased from Nov. 2022 ($0.05 Mil) to Feb. 2023 ($0.16 Mil).

MJ Harvest's annual cash, cash equivalents, marketable securities increased from May. 2020 ($0.03 Mil) to May. 2021 ($0.12 Mil) but then declined from May. 2021 ($0.12 Mil) to May. 2022 ($0.04 Mil).

MJ Harvest Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MJ Harvest'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.

* Premium members only.

MJ Harvest Cash, Cash Equivalents, Marketable Securities Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

Cash, Cash Equivalents, Marketable Securities

0.01

0.03

0.12

0.04

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial													0.01	0.04	0.08	0.05	0.16

MJ Harvest Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

MJ Harvest (OTCPK:MJHI) 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.

MJ Harvest Cash, Cash Equivalents, Marketable Securities Related Terms

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MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139