Earthworks Industries (Earthworks Industries) Cash And Cash Equivalents : $0.66 Mil (As of Nov. 2023)

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What is Earthworks Industries Cash And Cash Equivalents?

Earthworks Industries's quarterly cash and cash equivalents declined from May. 2023 ($0.58 Mil) to Aug. 2023 ($0.19 Mil) but then increased from Aug. 2023 ($0.19 Mil) to Nov. 2023 ($0.66 Mil).

Earthworks Industries's annual cash and cash equivalents declined from Nov. 2021 ($0.23 Mil) to Nov. 2022 ($0.16 Mil) but then increased from Nov. 2022 ($0.16 Mil) to Nov. 2023 ($0.66 Mil).

Earthworks Industries Cash And Cash Equivalents Historical Data

The historical data trend for Earthworks Industries's Cash And Cash Equivalents 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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Earthworks Industries Cash And Cash Equivalents Chart

Earthworks Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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0.01

0.05

0.23

0.16

0.66

Earthworks Industries Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.16	0.07	0.58	0.19	0.66

Earthworks Industries Cash And Cash Equivalents 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.

Earthworks Industries (OTCPK:EAATF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Earthworks Industries Cash And Cash Equivalents Related Terms

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Earthworks Industries (Earthworks Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Earthworks Industries Inc (OTCPK:EAATF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EWK:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.earthworksinc.com

Earthworks Industries Inc is engaged in waste disposal. The company project includes Cortina Integrated Waste Management Project. Its geographical segments include Canada and the United States.

Earthworks Industries (Earthworks Industries) Headlines

From GuruFocus

Earthworks Industries Inc. - CORTINA UPDATE

By PRNewswire • 08-16-2023

EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA

By PRNewswire • 07-21-2023