Paranovus Entertainment Technology (Paranovus Entertainment Technology) Cash, Cash Equivalents, Marketable Securities : $1.04 Mil (As of Sep. 2023)

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What is Paranovus Entertainment Technology Cash, Cash Equivalents, Marketable Securities?

Paranovus Entertainment Technology's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($11.25 Mil) to Mar. 2023 ($3.36 Mil) but then stayed the same from Mar. 2023 ($3.36 Mil) to Sep. 2023 ($1.04 Mil).

Paranovus Entertainment Technology's annual cash, cash equivalents, marketable securities declined from Mar. 2021 ($36.56 Mil) to Mar. 2022 ($19.73 Mil) and declined from Mar. 2022 ($19.73 Mil) to Mar. 2023 ($3.36 Mil).

Paranovus Entertainment Technology Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Paranovus Entertainment Technology'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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Paranovus Entertainment Technology Cash, Cash Equivalents, Marketable Securities Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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14.80

33.66

36.56

19.73

3.36

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									45.71	19.73	11.25	3.36	1.04

Paranovus Entertainment Technology 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.

Paranovus Entertainment Technology (NAS:PAVS) 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.

Paranovus Entertainment Technology Cash, Cash Equivalents, Marketable Securities Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.