HITI (High Tide) Cash And Cash Equivalents : $23.2 Mil (As of Jan. 2025)

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What is High Tide Cash And Cash Equivalents?

High Tide's quarterly cash and cash equivalents increased from Jul. 2024 ($25.71 Mil) to Oct. 2024 ($34.36 Mil) but then stayed the same from Oct. 2024 ($34.36 Mil) to Jan. 2025 ($23.17 Mil).

High Tide's annual cash and cash equivalents increased from Oct. 2022 ($18.32 Mil) to Oct. 2023 ($21.97 Mil) and increased from Oct. 2023 ($21.97 Mil) to Oct. 2024 ($34.36 Mil).

High Tide Cash And Cash Equivalents Historical Data

The historical data trend for High Tide'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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High Tide Cash And Cash Equivalents Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

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5.69

11.27

18.32

21.97

34.36

High Tide Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash And Cash Equivalents	Get a 7-Day Free Trial															21.37	25.26	25.71	34.36	23.17

High Tide 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.

High Tide (NAS:HITI) 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.

High Tide Cash And Cash Equivalents Related Terms

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High Tide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (NAS:HITI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

2LYA:Germany HITI:Canada

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically integrated company in the Canadian cannabis market with various brands in its portfolio such as Canna Cabana, Fastendr, Queen of Bud, Grasscity, Daily High Club, Famous Brandz, and others. The company's reportable operating segments are; Bricks and mortar which generates maximum revenue, and E-commerce. Geographically, it derives maximum revenue from its business in Canada followed by the United States of America, and other international markets.