Innergex Renewable Energy (Innergex Renewable Energy) Cash, Cash Equivalents, Marketable Securities

: $118.7 Mil (As of Dec. 2023)

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Innergex Renewable Energy's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($97.57 Mil) to Sep. 2023 ($110.93 Mil) and increased from Sep. 2023 ($110.93 Mil) to Dec. 2023 ($118.70 Mil).

Innergex Renewable Energy's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($129.90 Mil) to Dec. 2022 ($119.96 Mil) and declined from Dec. 2022 ($119.96 Mil) to Dec. 2023 ($118.70 Mil).

Innergex Renewable Energy Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Innergex Renewable Energy'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.

Innergex Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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118.63

126.06

129.90

119.96

118.70

Innergex Renewable Energy 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															119.96	114.91	97.57	110.93	118.70

Innergex Renewable Energy 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.

Innergex Renewable Energy (OTCPK:INGXF) 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.

Innergex Renewable Energy Cash, Cash Equivalents, Marketable Securities Related Terms

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Innergex Renewable Energy (Innergex Renewable Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (OTCPK:INGXF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

Innergex Renewable Energy (Innergex Renewable Energy) Headlines

From GuruFocus

Innergex Announces Signature of a 12-Year Power Purchase Agreement for Foard City Wind Project in Texas, USA

By PRNewswire PRNewswire • 05-07-2018