BWMG (Brownie's Marine Group) Cash And Cash Equivalents : $0.65 Mil (As of Sep. 2024)

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What is Brownie's Marine Group Cash And Cash Equivalents?

Brownie's Marine Group's quarterly cash and cash equivalents increased from Mar. 2024 ($0.24 Mil) to Jun. 2024 ($0.65 Mil) but then stayed the same from Jun. 2024 ($0.65 Mil) to Sep. 2024 ($0.65 Mil).

Brownie's Marine Group's annual cash and cash equivalents declined from Dec. 2021 ($0.64 Mil) to Dec. 2022 ($0.48 Mil) and declined from Dec. 2022 ($0.48 Mil) to Dec. 2023 ($0.43 Mil).

Brownie's Marine Group Cash And Cash Equivalents Historical Data

The historical data trend for Brownie's Marine 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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Brownie's Marine Group Cash And Cash Equivalents Chart

Brownie's Marine Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.07

0.35

0.64

0.48

0.43

Brownie's Marine Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.29	0.43	0.24	0.65	0.65

Brownie's Marine 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.

Brownie's Marine Group (OTCPK:BWMG) 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.

Brownie's Marine Group Cash And Cash Equivalents Related Terms

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Brownie's Marine Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Brownie's Marine Group Inc (OTCPK:BWMG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 North West 25th Avenue, Suite 1, Pompano Beach, FL, USA, 33069

Website

https://www.browniesmarinegroup.com

Brownie's Marine Group Inc designs, tests, manufactures and distributes tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus ("SCUBA") air compressor and nitrox generation fill systems and acts as the exclusive distributor in North and South America for Lenhardt & Wagner GmbH ("L&W") compressors in the high-pressure breathing air and industrial gas markets. The Company sells its products both on a wholesale and retail basis.

Executives

Alexander Fraser Purdon	10 percent owner	5205 SW 83 TERRACE, GAINESVILLE FL 32608
Mikkel Pitzner	director	716 SE 8TH STREET, FT. LAUDERDALE FL 33316
Armstrong Grant Wesley Jr	director	1002 WESTRIDGE ROAD, GREENSBORO NC 27410
Jeffrey William Morris	10 percent owner	2148 NE 24TH STREET, WILTON MANORS FL 33305
Joshua William Arvin	10 percent owner	1900 PURDY AVE TS4, MIAMI FL 33139
Robert M Carmichael	officer: President and CEO	940 N.W. 1 STREET, FORT LAUDERDALE FL 33311