NXT Energy Solutions (TSX:SFD) Cash And Cash Equivalents : C$1.82 Mil (As of Mar. 2025)

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What is NXT Energy Solutions Cash And Cash Equivalents?

NXT Energy Solutions's quarterly cash and cash equivalents declined from Sep. 2024 (C$0.88 Mil) to Dec. 2024 (C$0.73 Mil) but then increased from Dec. 2024 (C$0.73 Mil) to Mar. 2025 (C$1.82 Mil).

NXT Energy Solutions's annual cash and cash equivalents increased from Dec. 2022 (C$0.26 Mil) to Dec. 2023 (C$0.40 Mil) and increased from Dec. 2023 (C$0.40 Mil) to Dec. 2024 (C$0.73 Mil).

NXT Energy Solutions Cash And Cash Equivalents Historical Data

The historical data trend for NXT Energy Solutions'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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NXT Energy Solutions Cash And Cash Equivalents Chart

NXT Energy Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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2.69

2.26

0.26

0.40

0.73

NXT Energy Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.53	2.37	0.88	0.73	1.82

NXT Energy Solutions 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.

NXT Energy Solutions (TSX:SFD) 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.

NXT Energy Solutions Cash And Cash Equivalents Related Terms

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NXT Energy Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NXT Energy Solutions Inc (TSX:SFD) » Definitions » Cash And Cash Equivalents

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NSFDF:USA

Address

3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4

Website

https://www.nxtenergy.com

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

Executives

Peter Arthur Mork	Director
Chee Pheng Cheng	10% Security Holder
Jeffrey Tilson	Director
Bruce G. Wilcox	Director, Senior Officer
John Tilson	Director
Eugene Darryl Woychyshyn	Senior Officer