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ABVE (Above Food Ingredients) Cash And Cash Equivalents : $0.5 Mil (As of Jul. 2024)


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What is Above Food Ingredients Cash And Cash Equivalents?

Above Food Ingredients's quarterly cash and cash equivalents increased from Oct. 2023 ($0.19 Mil) to Jan. 2024 ($0.71 Mil) but then stayed the same from Jan. 2024 ($0.71 Mil) to Jul. 2024 ($0.48 Mil).

Above Food Ingredients's annual cash and cash equivalents increased from Jan. 2022 ($1.63 Mil) to Jan. 2023 ($1.73 Mil) but then declined from Jan. 2023 ($1.73 Mil) to Jan. 2024 ($0.71 Mil).

Above Food Ingredients Cash And Cash Equivalents Historical Data

The historical data trend for Above Food Ingredients'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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Above Food Ingredients Cash And Cash Equivalents Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
Cash And Cash Equivalents
1.63 1.73 0.71

Above Food Ingredients Quarterly Data
Jan22 Jan23 Oct23 Jan24 Jul24
Cash And Cash Equivalents 1.63 1.73 0.19 0.71 0.48

Above Food Ingredients 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.

Above Food Ingredients  (NAS:ABVE) 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.

Above Food Ingredients Cash And Cash Equivalents Related Terms

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Above Food Ingredients Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Website
https://www.abovefood.com
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.