Forbidden Spirits Distilling (TSXV:VDKA.H) Cash And Cash Equivalents : C$0.21 Mil (As of Sep. 2022)

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What is Forbidden Spirits Distilling Cash And Cash Equivalents?

Forbidden Spirits Distilling's quarterly cash and cash equivalents declined from Mar. 2022 (C$0.49 Mil) to Jun. 2022 (C$0.08 Mil) but then increased from Jun. 2022 (C$0.08 Mil) to Sep. 2022 (C$0.21 Mil).

Forbidden Spirits Distilling's annual cash and cash equivalents declined from Dec. 2019 (C$0.15 Mil) to Dec. 2020 (C$0.01 Mil) but then increased from Dec. 2020 (C$0.01 Mil) to Dec. 2021 (C$1.73 Mil).

Forbidden Spirits Distilling Cash And Cash Equivalents Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Cash And Cash Equivalents Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Cash And Cash Equivalents

0.15

0.01

1.73

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash And Cash Equivalents	Get a 7-Day Free Trial					-	1.73	0.49	0.08	0.21

Forbidden Spirits Distilling 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.

Forbidden Spirits Distilling (TSXV:VDKA.H) 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.

Forbidden Spirits Distilling Cash And Cash Equivalents Related Terms

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Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

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