Cannibble Food Tech (XCNQ:PLCN) Cash And Cash Equivalents : C$0.42 Mil (As of Sep. 2023)

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What is Cannibble Food Tech Cash And Cash Equivalents?

Cannibble Food Tech's quarterly cash and cash equivalents increased from Mar. 2023 (C$0.16 Mil) to Jun. 2023 (C$0.22 Mil) and increased from Jun. 2023 (C$0.22 Mil) to Sep. 2023 (C$0.42 Mil).

Cannibble Food Tech's annual cash and cash equivalents increased from Dec. 2020 (C$0.39 Mil) to Dec. 2021 (C$0.89 Mil) but then declined from Dec. 2021 (C$0.89 Mil) to Dec. 2022 (C$0.36 Mil).

Cannibble Food Tech Cash And Cash Equivalents Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech Cash And Cash Equivalents Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.39

0.89

0.36

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial							0.76	0.36	0.16	0.22	0.42

Cannibble Food Tech 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.

Cannibble Food Tech (XCNQ:PLCN) 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.

Cannibble Food Tech Cash And Cash Equivalents Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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