Greenfern Industries (NZSE:GFI) Cash, Cash Equivalents, Marketable Securities : NZ$0.92 Mil (As of Mar. 2023)

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What is Greenfern Industries Cash, Cash Equivalents, Marketable Securities?

Greenfern Industries's quarterly cash, cash equivalents, marketable securities increased from . 20 (NZ$0.00 Mil) to Mar. 2022 (NZ$0.91 Mil) and increased from Mar. 2022 (NZ$0.91 Mil) to Mar. 2023 (NZ$0.92 Mil).

Greenfern Industries's annual cash, cash equivalents, marketable securities increased from . 20 (NZ$0.00 Mil) to Mar. 2022 (NZ$0.91 Mil) and increased from Mar. 2022 (NZ$0.91 Mil) to Mar. 2023 (NZ$0.92 Mil).

Greenfern Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Cash, Cash Equivalents, Marketable Securities Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

0.91

0.92

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Cash, Cash Equivalents, Marketable Securities	0.91	0.92

Greenfern Industries 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.

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.