Hybrid Power Solutions (XCNQ:HPSS) Cash And Cash Equivalents : C$0.96 Mil (As of Feb. 2024)

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What is Hybrid Power Solutions Cash And Cash Equivalents?

Hybrid Power Solutions's quarterly cash and cash equivalents increased from Aug. 2023 (C$0.08 Mil) to Nov. 2023 (C$0.11 Mil) and increased from Nov. 2023 (C$0.11 Mil) to Feb. 2024 (C$0.96 Mil).

Hybrid Power Solutions's annual cash and cash equivalents increased from May. 2021 (C$0.00 Mil) to May. 2022 (C$0.11 Mil) but then declined from May. 2022 (C$0.11 Mil) to May. 2023 (C$0.00 Mil).

Hybrid Power Solutions Cash And Cash Equivalents Historical Data

The historical data trend for Hybrid Power 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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Hybrid Power Solutions Cash And Cash Equivalents Chart

Hybrid Power Solutions Annual Data

Trend

May21

May22

May23

Cash And Cash Equivalents

0.11

Hybrid Power Solutions Quarterly Data
	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial					-	-	0.08	0.11	0.96

Hybrid Power 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.

Hybrid Power Solutions (XCNQ:HPSS) 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.

Hybrid Power Solutions Cash And Cash Equivalents Related Terms

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Hybrid Power Solutions (XCNQ:HPSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hybrid Power Solutions Inc (XCNQ:HPSS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

E092:Germany

Address

333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1

Website

https://www.hybridps.ca

Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada which is the key revenue generating market, and the United States.

Hybrid Power Solutions (XCNQ:HPSS) Headlines

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