Albert Labs International (XCNQ:ABRT) Cash And Cash Equivalents : C$0.00 Mil (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Albert Labs International Cash And Cash Equivalents?

Albert Labs International's quarterly cash and cash equivalents declined from Mar. 2023 (C$0.07 Mil) to Jun. 2023 (C$0.00 Mil) but then stayed the same from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil).

Albert Labs International's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$0.08 Mil) and increased from Dec. 2021 (C$0.08 Mil) to Dec. 2022 (C$0.08 Mil).

Albert Labs International Cash And Cash Equivalents Historical Data

The historical data trend for Albert Labs International'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.

Albert Labs International Cash And Cash Equivalents Chart

Albert Labs International Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

0.08

Albert Labs International Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.11	0.08	0.07	-	-

Albert Labs International 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.

Albert Labs International (XCNQ:ABRT) 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.

Albert Labs International Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Albert Labs International's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Albert Labs International (XCNQ:ABRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Albert Labs International Corp (XCNQ:ABRT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

6996, Merritt Avenue, Burnaby, BC, CAN, V5J 4R6

Website

https://www.albertlabs.com

Albert Labs International Corp is a laboratory-based, clinical research and drug development enterprise addressing mental health care needs. The company is focusing on Real World Evidence (RWE) the company will initially look to commercialize its mycelium-based KRN-101 medicine and treatment with the help of clinical pathway.

Albert Labs International (XCNQ:ABRT) Headlines

No Headlines