Corby Spirit and Wine (Corby Spirit and Wine) Cash, Cash Equivalents, Marketable Securities : $28.3 Mil (As of Dec. 2023)

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What is Corby Spirit and Wine Cash, Cash Equivalents, Marketable Securities?

Corby Spirit and Wine's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($116.68 Mil) to Sep. 2023 ($1.34 Mil) but then increased from Sep. 2023 ($1.34 Mil) to Dec. 2023 ($28.32 Mil).

Corby Spirit and Wine's annual cash, cash equivalents, marketable securities declined from Jun. 2021 ($77.25 Mil) to Jun. 2022 ($40.97 Mil) but then increased from Jun. 2022 ($40.97 Mil) to Jun. 2023 ($116.68 Mil).

Corby Spirit and Wine Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Corby Spirit and Wine'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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Corby Spirit and Wine Cash, Cash Equivalents, Marketable Securities Chart

Corby Spirit and Wine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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46.01

60.27

77.25

40.97

116.68

Corby Spirit and Wine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															38.61	33.63	116.68	1.34	28.32

Corby Spirit and Wine 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.

Corby Spirit and Wine (OTCPK:CBYDF) 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.

Corby Spirit and Wine Cash, Cash Equivalents, Marketable Securities Related Terms

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Corby Spirit and Wine (Corby Spirit and Wine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (OTCPK:CBYDF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

CRBBF:USA CSW.B:Canada CSW.A:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

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