Parkit Enterprise (Parkit Enterprise) Cash And Cash Equivalents : $8.28 Mil (As of Mar. 2024)

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What is Parkit Enterprise Cash And Cash Equivalents?

Parkit Enterprise's quarterly cash and cash equivalents increased from Sep. 2023 ($3.86 Mil) to Dec. 2023 ($7.87 Mil) and increased from Dec. 2023 ($7.87 Mil) to Mar. 2024 ($8.28 Mil).

Parkit Enterprise's annual cash and cash equivalents declined from Dec. 2021 ($17.03 Mil) to Dec. 2022 ($14.33 Mil) and declined from Dec. 2022 ($14.33 Mil) to Dec. 2023 ($7.87 Mil).

Parkit Enterprise Cash And Cash Equivalents Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Cash And Cash Equivalents Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.58

0.45

17.03

14.33

7.87

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7.35	4.80	3.86	7.87	8.28

Parkit Enterprise 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.

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise Cash And Cash Equivalents Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Industry

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.