Shiny Health & Wellness (TSXV:SNYB) Cash And Cash Equivalents : C$0.24 Mil (As of Oct. 2023)

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What is Shiny Health & Wellness Cash And Cash Equivalents?

Shiny Health & Wellness's quarterly cash and cash equivalents declined from Apr. 2023 (C$0.44 Mil) to Jul. 2023 (C$0.17 Mil) but then increased from Jul. 2023 (C$0.17 Mil) to Oct. 2023 (C$0.24 Mil).

Shiny Health & Wellness's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Jan. 2022 (C$4.53 Mil) but then declined from Jan. 2022 (C$4.53 Mil) to Jan. 2023 (C$0.74 Mil).

Shiny Health & Wellness Cash And Cash Equivalents Historical Data

The historical data trend for Shiny Health & Wellness'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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Shiny Health & Wellness Cash And Cash Equivalents Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Cash And Cash Equivalents

4.53

0.74

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial						1.13	0.74	0.44	0.17	0.24

Shiny Health & Wellness 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.

Shiny Health & Wellness (TSXV:SNYB) 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.

Shiny Health & Wellness Cash And Cash Equivalents Related Terms

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Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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