OPTHF (Optimi Health) Cash And Cash Equivalents : $0.06 Mil (As of Dec. 2024)

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What is Optimi Health Cash And Cash Equivalents?

Optimi Health's quarterly cash and cash equivalents declined from Mar. 2024 ($0.20 Mil) to Sep. 2024 ($0.08 Mil) but then stayed the same from Sep. 2024 ($0.08 Mil) to Dec. 2024 ($0.06 Mil).

Optimi Health's annual cash and cash equivalents declined from Sep. 2022 ($1.42 Mil) to Sep. 2023 ($0.99 Mil) and declined from Sep. 2023 ($0.99 Mil) to Sep. 2024 ($0.08 Mil).

Optimi Health Cash And Cash Equivalents Historical Data

The historical data trend for Optimi Health'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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Optimi Health Cash And Cash Equivalents Chart

Optimi Health Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Cash And Cash Equivalents

3.38

6.66

1.42

0.99

0.08

Optimi Health Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial												0.99	0.37	0.20	0.08	0.06

Optimi Health 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.

Optimi Health (OTCPK:OPTHF) 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.

Optimi Health Cash And Cash Equivalents Related Terms

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Optimi Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimi Health Corp (OTCPK:OPTHF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

8BN:Germany OPTI:Canada

Address

21 Water Street, Suite 600, Vancouver, BC, CAN, V6B 1A1

Website

https://www.optimihealth.ca

Optimi Health Corp operates in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector. The company has one reportable operating segment being that of the farming, processing, and distribution of raw mushroom biomass. It also intends to cultivate, extract, process, and distribute strains of fungi products at its facilities located in Princeton, British Columbia.