Synex Renewable Energy (TSX:SXI) Cash And Cash Equivalents : C$0.39 Mil (As of Dec. 2023)

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What is Synex Renewable Energy Cash And Cash Equivalents?

Synex Renewable Energy's quarterly cash and cash equivalents declined from Jun. 2023 (C$0.32 Mil) to Sep. 2023 (C$0.23 Mil) but then increased from Sep. 2023 (C$0.23 Mil) to Dec. 2023 (C$0.39 Mil).

Synex Renewable Energy's annual cash and cash equivalents declined from Jun. 2021 (C$1.07 Mil) to Jun. 2022 (C$0.63 Mil) and declined from Jun. 2022 (C$0.63 Mil) to Jun. 2023 (C$0.32 Mil).

Synex Renewable Energy Cash And Cash Equivalents Historical Data

The historical data trend for Synex Renewable Energy'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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Synex Renewable Energy Cash And Cash Equivalents Chart

Synex Renewable Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.50

0.86

1.07

0.63

0.32

Synex Renewable Energy 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															0.16	0.55	0.32	0.23	0.39

Synex Renewable Energy 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.

Synex Renewable Energy (TSX:SXI) 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.

Synex Renewable Energy Cash And Cash Equivalents Related Terms

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Synex Renewable Energy (TSX:SXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Synex Renewable Energy Corp (TSX:SXI) » Definitions » Cash And Cash Equivalents

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V5X:Germany

Address

4248 Broughton Avenue, Niagara Falls, ON, CAN, L2E 0A4

Website

https://www.synex.com

Synex Renewable Energy Corp is engaged in the development, ownership, and operation of electric power facilities and the provision of consulting engineering and environmental services in water resources, particularly hydroelectric facilities. Its projects include Barr Creek Hydro Plant, Mears Creek Hydro Project, Cypress Creek Hydro Project, and Sea Breeze products among others.