Premium Brands Holdings (TSX:PBH) Cash And Cash Equivalents : C$28 Mil (As of Dec. 2023)

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What is Premium Brands Holdings Cash And Cash Equivalents?

Premium Brands Holdings's quarterly cash and cash equivalents increased from Jun. 2023 (C$27.40 Mil) to Sep. 2023 (C$40.70 Mil) but then stayed the same from Sep. 2023 (C$40.70 Mil) to Dec. 2023 (C$27.60 Mil).

Premium Brands Holdings's annual cash and cash equivalents declined from Dec. 2021 (C$16.50 Mil) to Dec. 2022 (C$11.40 Mil) but then increased from Dec. 2022 (C$11.40 Mil) to Dec. 2023 (C$27.60 Mil).

Premium Brands Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Premium Brands Holdings'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.

* Premium members only.

Premium Brands Holdings Cash And Cash Equivalents Chart

Premium Brands Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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18.40

363.00

16.50

11.40

27.60

Premium Brands Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															11.40	30.60	27.40	40.70	27.60

Premium Brands Holdings 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.

Premium Brands Holdings (TSX:PBH) 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.

Premium Brands Holdings Cash And Cash Equivalents Related Terms

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Premium Brands Holdings (TSX:PBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Premium Brands Holdings Corp (TSX:PBH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PRBZF:USA

Address

100 - 10991 Shellbridge Way, Richmond, BC, CAN, V6X 3C6

Website

https://www.premiumbrandsholdings.com

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems. Its geographical segments are the United States and Canada.