GRVE (Groove Botanicals) Cash And Cash Equivalents : $0.00 Mil (As of Dec. 2024)

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What is Groove Botanicals Cash And Cash Equivalents?

Groove Botanicals's quarterly cash and cash equivalents increased from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.01 Mil) but then stayed the same from Sep. 2024 ($0.01 Mil) to Dec. 2024 ($0.00 Mil).

Groove Botanicals's annual cash and cash equivalents declined from Mar. 2017 ($0.11 Mil) to Mar. 2023 ($0.01 Mil) and declined from Mar. 2023 ($0.01 Mil) to Mar. 2024 ($0.00 Mil).

Groove Botanicals Cash And Cash Equivalents Historical Data

The historical data trend for Groove Botanicals'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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Groove Botanicals Cash And Cash Equivalents Chart

Groove Botanicals Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar23

Mar24

Cash And Cash Equivalents

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0.14

0.11

0.01

Groove Botanicals Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	-	-	0.01	-

Groove Botanicals 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.

Groove Botanicals (OTCPK:GRVE) 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.

Groove Botanicals Cash And Cash Equivalents Related Terms

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Groove Botanicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Groove Botanicals Inc (OTCPK:GRVE) » Definitions » Cash And Cash Equivalents

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Address

310 Fourth Avenue South, Suite 7000, Minneapolis, MN, USA, 55415

Website

http://www.avalonoilinc.com

Groove Botanicals Inc is Nevada Based corporation which engage its business development and asset acquisitions. The company also plan plan to assemble a portfolio of early-stage EV Battery Technologies developed from Universities in Norway, Sweden and Finland, and seek grants from the State of Minnesota.and the company previously engaged in oil and gas Production.

Executives

Utek Corp

10 percent owner

2109 PALM AVENUE, TAMPA FL 33605

Groove Botanicals Headlines

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