Numinus Wellness (Numinus Wellness) Cash, Cash Equivalents, Marketable Securities : $4.90 Mil (As of Feb. 2024)

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What is Numinus Wellness Cash, Cash Equivalents, Marketable Securities?

Numinus Wellness's quarterly cash, cash equivalents, marketable securities declined from Aug. 2023 ($6.37 Mil) to Nov. 2023 ($3.45 Mil) but then increased from Nov. 2023 ($3.45 Mil) to Feb. 2024 ($4.90 Mil).

Numinus Wellness's annual cash, cash equivalents, marketable securities declined from Aug. 2021 ($47.06 Mil) to Aug. 2022 ($25.58 Mil) and declined from Aug. 2022 ($25.58 Mil) to Aug. 2023 ($6.37 Mil).

Numinus Wellness Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Numinus Wellness'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.

* Premium members only.

Numinus Wellness Cash, Cash Equivalents, Marketable Securities Chart

Numinus Wellness Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Cash, Cash Equivalents, Marketable Securities

0.07

1.24

47.06

25.58

6.37

Numinus Wellness Quarterly Data
	May19	Aug19	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															14.65	9.59	6.37	3.45	4.90

Numinus Wellness 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.

Numinus Wellness (OTCPK:NMNWF) 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.

Numinus Wellness Cash, Cash Equivalents, Marketable Securities Related Terms

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Numinus Wellness (Numinus Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Numinus Wellness Inc (OTCPK:NMNWF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NUMIF:USA LR23:Germany NUMI:Canada

Address

801 - 33 Water Street, Vancouver, BC, CAN, V6B 1R4

Website

https://www.numinus.ca

Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.