American Biofuels (TSXV:ABS.H) Cash And Cash Equivalents : C$0.00 Mil (As of Apr. 2024)

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What is American Biofuels Cash And Cash Equivalents?

American Biofuels's quarterly cash and cash equivalents stayed the same from Oct. 2023 (C$0.00 Mil) to Jan. 2024 (C$0.00 Mil) and stayed the same from Jan. 2024 (C$0.00 Mil) to Apr. 2024 (C$0.00 Mil).

American Biofuels's annual cash and cash equivalents increased from Apr. 2022 (C$0.00 Mil) to Apr. 2023 (C$0.00 Mil) but then declined from Apr. 2023 (C$0.00 Mil) to Apr. 2024 (C$0.00 Mil).

American Biofuels Cash And Cash Equivalents Historical Data

The historical data trend for American Biofuels'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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American Biofuels Cash And Cash Equivalents Chart

American Biofuels Annual Data

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Cash And Cash Equivalents

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American Biofuels Quarterly Data
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American Biofuels 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.

American Biofuels (TSXV:ABS.H) 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.

American Biofuels Cash And Cash Equivalents Related Terms

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American Biofuels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » American Biofuels Inc (TSXV:ABS.H) » Definitions » Cash And Cash Equivalents

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Address

303 - 595 Howe Street, P.O. Box 4, Vancouver, BC, CAN, V6C 2T5

Website

https://www.transamericanenergy.com

American Biofuels Inc is engaged in the acquisition, exploration, and development of oil and gas properties and exploring alternative energy biofuel solutions. The company conducts all of its operations in the United States and Canada.

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