Driven Deliveries (Driven Deliveries) Cash And Cash Equivalents : $0.51 Mil (As of Sep. 2020)

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What is Driven Deliveries Cash And Cash Equivalents?

Driven Deliveries's quarterly cash and cash equivalents declined from Mar. 2020 ($0.36 Mil) to Jun. 2020 ($0.12 Mil) but then increased from Jun. 2020 ($0.12 Mil) to Sep. 2020 ($0.51 Mil).

Driven Deliveries's annual cash and cash equivalents increased from Dec. 2017 ($0.00 Mil) to Dec. 2018 ($0.01 Mil) and increased from Dec. 2018 ($0.01 Mil) to Dec. 2019 ($0.27 Mil).

Driven Deliveries Cash And Cash Equivalents Historical Data

The historical data trend for Driven Deliveries'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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Driven Deliveries Cash And Cash Equivalents Chart

Driven Deliveries Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Cash And Cash Equivalents

0.01

0.27

Driven Deliveries Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.35	0.27	0.36	0.12	0.51

Driven Deliveries 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.

Driven Deliveries (OTCPK:DRVD) 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.

Driven Deliveries Cash And Cash Equivalents Related Terms

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Driven Deliveries (Driven Deliveries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Driven Deliveries Inc (OTCPK:DRVD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

134 Penn Street, El Segundo, CA, USA, 90245

Website

https://www.godriven.com

Driven Deliveries Inc is engaged in the business of delivering cannabis products to consumers in California and Nevada. The company has two primary business verticals, Driven Direct, and Driven Express. Driven Direct provides consumers the ability to purchase cannabis from compliant and tested sources and receive their cannabis in a fast and convenient manner. Its Driven Express provides last mile delivery from the dispensary to the consumer. The company products include Strawberry Preroll, Watermelon Preroll, Pina Colada Preroll, Grape Blunt, Strawberry Blunt, and 50/50 Blunt.