Northland Power (TSX:NPI) Cash, Cash Equivalents, Marketable Securities : C$642 Mil (As of Dec. 2023)

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What is Northland Power Cash, Cash Equivalents, Marketable Securities?

Northland Power's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (C$1,004.12 Mil) to Sep. 2023 (C$720.91 Mil) but then stayed the same from Sep. 2023 (C$720.91 Mil) to Dec. 2023 (C$642.48 Mil).

Northland Power's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (C$673.69 Mil) to Dec. 2022 (C$1,299.83 Mil) but then declined from Dec. 2022 (C$1,299.83 Mil) to Dec. 2023 (C$642.48 Mil).

Northland Power Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Northland Power'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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Northland Power Cash, Cash Equivalents, Marketable Securities Chart

Northland Power Annual Data

Trend

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Dec23

Cash, Cash Equivalents, Marketable Securities

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268.19

434.99

673.69

1,299.83

642.48

Northland Power Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,299.83	978.07	1,004.12	720.91	642.48

Northland Power 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.

Northland Power (TSX:NPI) 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.

Northland Power Cash, Cash Equivalents, Marketable Securities Related Terms

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Northland Power (TSX:NPI) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Northland Power Inc (TSX:NPI) » Definitions » Cash, Cash Equivalents, Marketable Securities

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NPIFF:USA 1NR:Germany NPI.PR.B.PFD:Canada NPI.PR.A.PFD:Canada

Address

30 St. Clair Avenue West, 17th Floor, Toronto, ON, CAN, M4V 3A1

Website

https://www.northlandpower.com

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.