NeoVolta (NeoVolta) Cash And Cash Equivalents : $1.01 Mil (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is NeoVolta Cash And Cash Equivalents?

NeoVolta's quarterly cash and cash equivalents declined from Sep. 2023 ($1.82 Mil) to Dec. 2023 ($1.50 Mil) but then stayed the same from Dec. 2023 ($1.50 Mil) to Mar. 2024 ($1.01 Mil).

NeoVolta's annual cash and cash equivalents declined from Jun. 2021 ($0.43 Mil) to Jun. 2022 ($0.33 Mil) but then increased from Jun. 2022 ($0.33 Mil) to Jun. 2023 ($2.00 Mil).

NeoVolta Cash And Cash Equivalents Historical Data

The historical data trend for NeoVolta'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.

* Premium members only.

NeoVolta Cash And Cash Equivalents Chart

NeoVolta Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.43

0.33

2.00

NeoVolta Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial							3.46	2.00	1.82	1.50	1.01

NeoVolta 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.

NeoVolta (NAS:NEOV) 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.

NeoVolta Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of NeoVolta's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

NeoVolta (NeoVolta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NeoVolta Inc (NAS:NEOV) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13651 Danielson Street, Suite A, Poway, CA, USA, 92064

Website

https://www.neovolta.com

NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers, and homeowners.

Executives

Steve Bond	director, officer: Chief Financial Officer	28839 PUJOL ST., #832, TEMECULA CA 92590
Brent Willson	director	5271 CAMINITO EXQUISITO, SAN DIEGO CA 92130
Susan H Snow	director	26 SEDGE FERN DRIVE, HILTON HEAD SC 29926
John A Hass	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064
James F Amos	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064