Maxim Power (TSX:MXG) Cash And Cash Equivalents : C$99.0 Mil (As of Sep. 2024)

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What is Maxim Power Cash And Cash Equivalents?

Maxim Power's quarterly cash and cash equivalents increased from Mar. 2024 (C$85.21 Mil) to Jun. 2024 (C$87.56 Mil) and increased from Jun. 2024 (C$87.56 Mil) to Sep. 2024 (C$99.01 Mil).

Maxim Power's annual cash and cash equivalents increased from Dec. 2021 (C$13.55 Mil) to Dec. 2022 (C$51.38 Mil) but then declined from Dec. 2022 (C$51.38 Mil) to Dec. 2023 (C$32.26 Mil).

Maxim Power Cash And Cash Equivalents Historical Data

The historical data trend for Maxim Power'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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Maxim Power Cash And Cash Equivalents Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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20.92

12.26

13.55

51.38

32.26

Maxim Power 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															43.91	32.26	85.21	87.56	99.01

Maxim Power 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.

Maxim Power (TSX:MXG) 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.

Maxim Power Cash And Cash Equivalents Related Terms

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Maxim Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (TSX:MXG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MXGFF:USA MP9:Germany

Address

715 5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. The company is engaged in the development, ownership, and operation of power generation facilities and the resultant sale of generating capacity and electricity. It is focused entirely on power projects in Alberta. The company's core asset is the 300 MW H.R. Milner Plant (M2) in Grande Cache, AB is a state-of-the-art combined cycle gas-fired power plant that was commissioned in Q4, 2023. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.

Executives

Kevin Gregory Dyck	Senior Officer
Kimberly Lorna Karran	Senior Officer
Robert Bruce Watson	Senior Officer
Andrea Lynn Whyte	Director
Bradley John Wall	Director
Robert Emmott	Senior Officer
W. Brett Wilson	10% Security Holder, Director

Maxim Power Headlines

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