Forte Group Holdings (XCNQ:FGH) Cash And Cash Equivalents : C$0.19 Mil (As of Dec. 2024)

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What is Forte Group Holdings Cash And Cash Equivalents?

Forte Group Holdings's quarterly cash and cash equivalents increased from Jun. 2024 (C$0.02 Mil) to Sep. 2024 (C$0.04 Mil) and increased from Sep. 2024 (C$0.04 Mil) to Dec. 2024 (C$0.19 Mil).

Forte Group Holdings's annual cash and cash equivalents increased from Dec. 2022 (C$0.11 Mil) to Dec. 2023 (C$0.13 Mil) and increased from Dec. 2023 (C$0.13 Mil) to Dec. 2024 (C$0.19 Mil).

Forte Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Forte Group 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.

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Forte Group Holdings Cash And Cash Equivalents Chart

Forte Group Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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0.48

0.09

0.11

0.13

0.19

Forte Group Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.13	-	0.02	0.04	0.19

Forte Group 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.

Forte Group Holdings (XCNQ:FGH) 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.

Forte Group Holdings Cash And Cash Equivalents Related Terms

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Forte Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Forte Group Holdings Inc (XCNQ:FGH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FGHFF:USA 7BC0:Germany

Address

1108 West 8th Avenue, Vancouver, BC, CAN, V6H 4C8

Website

https://www.fortegroup.co

Forte Group Holdings Inc offers lifestyle and wellness beverages and nutraceuticals under the flagship TRACE brand, while expanding white-label production for partners. It has two operating segments: alkaline and mineralized beverages and supplements, and eCommerce. The alkaline and mineralized beverages include the development and manufacturing of the TRACE brand and other beverages and supplements. The eCommerce segment includes direct-to-customer sales of natural health products, including nutraceutical and hemp-based CBD products.

Executives

Marcello Leone	Director, Senior Officer
Martino Ciambrelli	Senior Officer
Melise Panetta	Senior Officer
Douglas Lawrence Mason	Director
Norman John Campbell	Director, Senior Officer
Bevcanna Enterprises Inc.	Issuer