Yorkton Equity Group (TSXV:YEG) Cash And Cash Equivalents : C$0.78 Mil (As of Dec. 2023)

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What is Yorkton Equity Group Cash And Cash Equivalents?

Yorkton Equity Group's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.04 Mil) to Sep. 2023 (C$0.58 Mil) and increased from Sep. 2023 (C$0.58 Mil) to Dec. 2023 (C$0.78 Mil).

Yorkton Equity Group's annual cash and cash equivalents increased from Dec. 2021 (C$2.18 Mil) to Dec. 2022 (C$2.95 Mil) but then declined from Dec. 2022 (C$2.95 Mil) to Dec. 2023 (C$0.78 Mil).

Yorkton Equity Group Cash And Cash Equivalents Historical Data

The historical data trend for Yorkton Equity Group'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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Yorkton Equity Group Cash And Cash Equivalents Chart

Yorkton Equity Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.00

2.18

2.95

0.78

Yorkton Equity Group Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial												2.95	0.70	0.04	0.58	0.78

Yorkton Equity Group 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.

Yorkton Equity Group (TSXV:YEG) 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.

Yorkton Equity Group Cash And Cash Equivalents Related Terms

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Yorkton Equity Group (TSXV:YEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yorkton Equity Group Inc (TSXV:YEG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

10180 - 101 Street NW, 3165 Manulfie Place, Edmonton, AB, CAN, T5J 3S4

Website

https://www.yorktonequitygroup.com

Yorkton Equity Group Inc is a fully integrated, growth-oriented real estate investment company committed to providing shareholders with investment opportunities through the accretive acquisitions of multi-family revenue properties in strategic markets across Canada, with its current focus in Western Canada. YEG's focus is to acquire and manage multi-family revenue properties in growing strategic markets across Canada with strong economic fundamentals and to grow the Net Operating Income (NOI) and the Net Asset Value (NAV) of its revenue property portfolio.

Yorkton Equity Group (TSXV:YEG) Headlines

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