Altius Renewable Royalties (TSX:ARR) Cash And Cash Equivalents : C$90.95 Mil (As of Mar. 2024)

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What is Altius Renewable Royalties Cash And Cash Equivalents?

Altius Renewable Royalties's quarterly cash and cash equivalents increased from Sep. 2023 (C$51.12 Mil) to Dec. 2023 (C$119.02 Mil) but then stayed the same from Dec. 2023 (C$119.02 Mil) to Mar. 2024 (C$90.95 Mil).

Altius Renewable Royalties's annual cash and cash equivalents increased from Dec. 2021 (C$63.11 Mil) to Dec. 2022 (C$68.05 Mil) and increased from Dec. 2022 (C$68.05 Mil) to Dec. 2023 (C$119.02 Mil).

Altius Renewable Royalties Cash And Cash Equivalents Historical Data

The historical data trend for Altius Renewable Royalties'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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Altius Renewable Royalties Cash And Cash Equivalents Chart

Altius Renewable Royalties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.26

0.02

63.11

68.05

119.02

Altius Renewable Royalties Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial														66.34	54.62	51.12	119.02	90.95

Altius Renewable Royalties 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.

Altius Renewable Royalties (TSX:ARR) 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.

Altius Renewable Royalties Cash And Cash Equivalents Related Terms

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Altius Renewable Royalties (TSX:ARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

ATRWF:USA 7VZ:Germany

Address

38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5

Website

https://www.arr.energy

Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.

Executives

Frederick James Mifflin	Director or Senior Officer of 10% Security Holder
André Gaumond	Director, Director or Senior Officer of 10% Security Holder
Karen Elaine Clarke-whistler	Director
Brian Dalton	Director or Senior Officer of 10% Security Holder, Senior Officer