Jamieson Wellness (TSX:JWEL) Cash And Cash Equivalents : C$42.2 Mil (As of Sep. 2024)

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What is Jamieson Wellness Cash And Cash Equivalents?

Jamieson Wellness's quarterly cash and cash equivalents declined from Mar. 2024 (C$34.15 Mil) to Jun. 2024 (C$22.71 Mil) but then increased from Jun. 2024 (C$22.71 Mil) to Sep. 2024 (C$42.19 Mil).

Jamieson Wellness's annual cash and cash equivalents increased from Dec. 2021 (C$6.78 Mil) to Dec. 2022 (C$26.24 Mil) and increased from Dec. 2022 (C$26.24 Mil) to Dec. 2023 (C$36.86 Mil).

Jamieson Wellness Cash And Cash Equivalents Historical Data

The historical data trend for Jamieson Wellness'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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Jamieson Wellness Cash And Cash Equivalents Chart

Jamieson Wellness Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.20

1.17

6.78

26.24

36.86

Jamieson Wellness Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															23.26	36.86	34.15	22.71	42.19

Jamieson Wellness 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.

Jamieson Wellness (TSX:JWEL) 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.

Jamieson Wellness Cash And Cash Equivalents Related Terms

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Jamieson Wellness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jamieson Wellness Inc (TSX:JWEL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

JWLLF:USA 2JW:Germany

Address

1 Adelaide Street East, Suite 2200, Toronto, ON, CAN, M5C 2V9

Website

https://www.jamiesonwellness.com

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, The majority of its revenue is derived from the domestic market.

Executives

Regan Stewart	Senior Officer
Tania M. Clarke	Director
Louis Aronne	Director
John Doherty	Senior Officer
Francois Vimard	Director
Timothy Herbert Penner	Director
Donald Bird	Senior Officer
Michael Al Pilato	Director, Senior Officer
Christopher Snowden	Senior Officer
Mark Hornick	Director, Senior Officer
David Michael Williams	Director
Steven Edward Spooner	Director
Catherine Potechin	Director
Robert Chan	Senior Officer
Angela Frances Holtham	Director