Tony G Co-Investment Holdings (XCNQ:TONY) Cash And Cash Equivalents : C$2.75 Mil (As of Oct. 2023)

Tony G Co-Investment Holdings Cash And Cash Equivalents Chart

Tony G Co-Investment Holdings Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Jan18	Jan19	Jan20	Jan21	Jan22	Jan23
Cash And Cash Equivalents		Get a 7-Day Free Trial					0.58	0.02	0.02	0.19	1.64

Tony G Co-Investment Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.67	1.64	1.57	1.40	2.75

Tony G Co-Investment 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.

Tony G Co-Investment Holdings  (XCNQ:TONY) 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.

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Tony G Co-Investment Holdings (XCNQ:TONY) Business Description