OGI (OrganiGram Holdings) Cash And Cash Equivalents : $57.83 Mil (As of Jun. 2024)

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What is OrganiGram Holdings Cash And Cash Equivalents?

OrganiGram Holdings's quarterly cash and cash equivalents increased from Dec. 2023 ($31.17 Mil) to Mar. 2024 ($53.05 Mil) and increased from Mar. 2024 ($53.05 Mil) to Jun. 2024 ($57.83 Mil).

OrganiGram Holdings's annual cash and cash equivalents declined from Aug. 2019 ($35.83 Mil) to Aug. 2020 ($18.60 Mil) but then increased from Aug. 2020 ($18.60 Mil) to Aug. 2021 ($43.94 Mil).

OrganiGram Holdings Cash And Cash Equivalents Historical Data

The historical data trend for OrganiGram Holdings'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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OrganiGram Holdings Cash And Cash Equivalents Chart

OrganiGram Holdings Annual Data

Trend

Apr12

Apr13

Apr14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Cash And Cash Equivalents

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1.55

42.22

35.83

18.60

43.94

OrganiGram Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															45.96	39.00	31.17	53.05	57.83

OrganiGram Holdings 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.

OrganiGram Holdings (NAS:OGI) 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.

OrganiGram Holdings Cash And Cash Equivalents Related Terms

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OrganiGram Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » OrganiGram Holdings Inc (NAS:OGI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

0OG0:Germany OGI:Canada

Address

145 King Street West, Suite 1400, Toronto, ON, CAN, M5H 1J8

Website

https://www.organigram.ca

OrganiGram Holdings Inc is engaged in producing indoor-grown cannabis for patients and adult recreational consumers in Canada. The company has also developed a portfolio of adult-use recreational cannabis brands including Edison, Big Bag o' Buds, SHRED, Monjour, Holy Mountain, and Trailblazer. Tremblant Cannabis, and artisanal craft brand, Laurentian are recent additions to Organigram's existing brand portfolio.