CBYDF (Corby Spirit and Wine) Cash And Cash Equivalents : $0.8 Mil (As of Sep. 2024)

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What is Corby Spirit and Wine Cash And Cash Equivalents?

Corby Spirit and Wine's quarterly cash and cash equivalents declined from Mar. 2024 ($17.72 Mil) to Jun. 2024 ($3.39 Mil) but then stayed the same from Jun. 2024 ($3.39 Mil) to Sep. 2024 ($0.76 Mil).

Corby Spirit and Wine's annual cash and cash equivalents declined from Jun. 2022 ($40.97 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Jun. 2024 ($3.39 Mil).

Corby Spirit and Wine Cash And Cash Equivalents Historical Data

The historical data trend for Corby Spirit and Wine'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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Corby Spirit and Wine Cash And Cash Equivalents Chart

Corby Spirit and Wine Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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60.27

77.25

40.97

3.39

Corby Spirit and Wine 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															1.34	28.32	17.72	3.39	0.76

Corby Spirit and Wine 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.

Corby Spirit and Wine (OTCPK:CBYDF) 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.

Corby Spirit and Wine Cash And Cash Equivalents Related Terms

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Corby Spirit and Wine Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (OTCPK:CBYDF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CRBBF:USA CSW.B:Canada CSW.A:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.