Mary Agrotechnologies (XCNQ:MARY) Cash, Cash Equivalents, Marketable Securities : C$0.01 Mil (As of Mar. 2024)

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What is Mary Agrotechnologies Cash, Cash Equivalents, Marketable Securities?

Mary Agrotechnologies's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (C$0.17 Mil) to Dec. 2023 (C$0.08 Mil) but then stayed the same from Dec. 2023 (C$0.08 Mil) to Mar. 2024 (C$0.01 Mil).

Mary Agrotechnologies's annual cash, cash equivalents, marketable securities declined from Sep. 2021 (C$1.74 Mil) to Sep. 2022 (C$0.54 Mil) and declined from Sep. 2022 (C$0.54 Mil) to Sep. 2023 (C$0.17 Mil).

Mary Agrotechnologies Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Mary Agrotechnologies'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.

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Mary Agrotechnologies Cash, Cash Equivalents, Marketable Securities Chart

Mary Agrotechnologies Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

0.15

1.74

0.54

0.17

Mary Agrotechnologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											0.42	0.36	0.17	0.08	0.01

Mary Agrotechnologies 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.

Mary Agrotechnologies (XCNQ:MARY) 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.

Mary Agrotechnologies Cash, Cash Equivalents, Marketable Securities Related Terms

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Mary Agrotechnologies (XCNQ:MARY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mary Agrotechnologies Inc (XCNQ:MARY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

MRRYF:USA

Address

115 Apple Creek Boulevard, Unit 3 and 4, Markham, ON, CAN, L3R 6C9

Website

https://www.mary.ag

Mary Agrotechnologies Inc is a data-driven agriculture technology company. The primary business activity of the Company is to produce a fully automated plant-growing device managed and controlled by an artificially intelligent algorithm, allowing consumers to grow their herbs and vegetables effortlessly from seed to plant while providing optimal conditions to assure premium quality produce year-round. The Company operates mainly in the fields of development and distribution of home-growing automated machines and commercial containers for a variety of herbs and vegetables worldwide.

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