NEXE Innovations (NEXE Innovations) Cash, Cash Equivalents, Marketable Securities : $7.35 Mil (As of Feb. 2024)

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What is NEXE Innovations Cash, Cash Equivalents, Marketable Securities?

NEXE Innovations's quarterly cash, cash equivalents, marketable securities declined from Aug. 2023 ($9.43 Mil) to Nov. 2023 ($8.26 Mil) but then stayed the same from Nov. 2023 ($8.26 Mil) to Feb. 2024 ($7.35 Mil).

NEXE Innovations's annual cash, cash equivalents, marketable securities declined from May. 2021 ($41.67 Mil) to May. 2022 ($22.13 Mil) and declined from May. 2022 ($22.13 Mil) to May. 2023 ($11.55 Mil).

NEXE Innovations Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for NEXE Innovations's Cash, Cash Equivalents, Marketable Securities 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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NEXE Innovations Cash, Cash Equivalents, Marketable Securities Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Cash, Cash Equivalents, Marketable Securities

2.38

41.67

22.13

11.55

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial													13.43	11.55	9.43	8.26	7.35

NEXE Innovations Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

NEXE Innovations (OTCPK:NEXNF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

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NEXE Innovations (NEXE Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (OTCPK:NEXNF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NX5:Germany NEXE:Canada

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.