Sunniva (Sunniva) Cash And Cash Equivalents : $0.23 Mil (As of Sep. 2019)

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What is Sunniva Cash And Cash Equivalents?

Sunniva's quarterly cash and cash equivalents declined from Mar. 2019 ($1.60 Mil) to Jun. 2019 ($1.20 Mil) but then stayed the same from Jun. 2019 ($1.20 Mil) to Sep. 2019 ($0.23 Mil).

Sunniva's annual cash and cash equivalents increased from Dec. 2016 ($7.21 Mil) to Dec. 2017 ($8.95 Mil) but then declined from Dec. 2017 ($8.95 Mil) to Dec. 2018 ($1.59 Mil).

Sunniva Cash And Cash Equivalents Historical Data

The historical data trend for Sunniva'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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Sunniva Cash And Cash Equivalents Chart

Sunniva Annual Data

Trend

Dec16

Dec17

Dec18

Cash And Cash Equivalents

7.21

8.95

1.59

Sunniva Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash And Cash Equivalents	Get a 7-Day Free Trial								2.73	1.59	1.60	1.20	0.23

Sunniva 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.

Sunniva (OTCPK:SNNVF) 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.

Sunniva Cash And Cash Equivalents Related Terms

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Sunniva (Sunniva) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sunniva Inc (OTCPK:SNNVF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, 1200 Waterfront Centre, P.O Box 48600, Vancouver, BC, CAN, V7X 1T2

Website

https://www.sunniva.com

Sunniva Inc is vertically integrated medical cannabis company committed to delivering safe, low-cost, high-quality products and services at scale. The company is focused on the cultivation, production and distribution of therapeutic solutions targeting two of the medical cannabis markets in the world: Canada and California.