PSYGF (Psyence Group) Cash And Cash Equivalents : $1.99 Mil (As of Sep. 2024)

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What is Psyence Group Cash And Cash Equivalents?

Psyence Group's quarterly cash and cash equivalents declined from Mar. 2024 ($0.78 Mil) to Jun. 2024 ($0.41 Mil) but then increased from Jun. 2024 ($0.41 Mil) to Sep. 2024 ($1.99 Mil).

Psyence Group's annual cash and cash equivalents declined from Mar. 2022 ($2.76 Mil) to Mar. 2023 ($1.74 Mil) and declined from Mar. 2023 ($1.74 Mil) to Mar. 2024 ($0.78 Mil).

Psyence Group Cash And Cash Equivalents Historical Data

The historical data trend for Psyence Group'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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Psyence Group Cash And Cash Equivalents Chart

Psyence Group Annual Data

Trend

Dec19

Dec20

Mar22

Mar23

Mar24

Cash And Cash Equivalents

0.11

0.08

2.76

1.74

0.78

Psyence Group Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.63	0.16	0.78	0.41	1.99

Psyence Group 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.

Psyence Group (OTCPK:PSYGF) 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.

Psyence Group Cash And Cash Equivalents Related Terms

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Psyence Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Psyence Group Inc (OTCPK:PSYGF) » Definitions » Cash And Cash Equivalents

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PSYG:Canada

Address

121 Richmond Street West, Penthouse Suite, 1300, Toronto, ON, CAN, M5H 2K1

Website

https://www.psyence.com

Psyence Group Inc is a life science biotechnology company focused on the research, cultivation, and production of psychedelics and nature-based compounds to treat psychological trauma in the context of palliative care and in support of mental wellness.

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