Grounded People Apparel (XCNQ:SHOE) Cash And Cash Equivalents : C$0.29 Mil (As of Aug. 2024)

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What is Grounded People Apparel Cash And Cash Equivalents?

Grounded People Apparel's quarterly cash and cash equivalents increased from Feb. 2024 (C$0.22 Mil) to May. 2024 (C$0.28 Mil) and increased from May. 2024 (C$0.28 Mil) to Aug. 2024 (C$0.29 Mil).

Grounded People Apparel's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Feb. 2023 (C$1.15 Mil) but then declined from Feb. 2023 (C$1.15 Mil) to Feb. 2024 (C$0.22 Mil).

Grounded People Apparel Cash And Cash Equivalents Historical Data

The historical data trend for Grounded People Apparel'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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Grounded People Apparel Cash And Cash Equivalents Chart

Grounded People Apparel Annual Data

Trend

Feb23

Feb24

Cash And Cash Equivalents

1.15

0.22

Grounded People Apparel Quarterly Data
	Aug21	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.08	0.01	0.22	0.28	0.29

Grounded People Apparel 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.

Grounded People Apparel (XCNQ:SHOE) 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.

Grounded People Apparel Cash And Cash Equivalents Related Terms

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Grounded People Apparel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grounded People Apparel Inc (XCNQ:SHOE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

K1G:Germany

Address

800 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.groundedpeople.com

Grounded People Apparel Inc is primarily engaged in the business of fair trade, sustainable and earth-conscious fashion. The Company's initial focus is on the design and production of shoes, and more specifically, high-top and low-cut canvassed sneakers.

Executives

Geoffrey Balderson

Director, Senior Officer

Grounded People Apparel Headlines

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