Wildpack Beverage (TSXV:CANS) Cash, Cash Equivalents, Marketable Securities : C$0.87 Mil (As of Dec. 2023)

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What is Wildpack Beverage Cash, Cash Equivalents, Marketable Securities?

Wildpack Beverage's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (C$7.82 Mil) to Sep. 2023 (C$1.46 Mil) but then stayed the same from Sep. 2023 (C$1.46 Mil) to Dec. 2023 (C$0.87 Mil).

Wildpack Beverage's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (C$1.86 Mil) to Dec. 2022 (C$1.28 Mil) and declined from Dec. 2022 (C$1.28 Mil) to Dec. 2023 (C$0.87 Mil).

Wildpack Beverage Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Wildpack Beverage'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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Wildpack Beverage Cash, Cash Equivalents, Marketable Securities Chart

Wildpack Beverage Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

1.86

1.28

0.87

Wildpack Beverage Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										1.28	1.63	7.82	1.46	0.87

Wildpack Beverage 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.

Wildpack Beverage (TSXV:CANS) 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.

Wildpack Beverage Cash, Cash Equivalents, Marketable Securities Related Terms

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Wildpack Beverage (TSXV:CANS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wildpack Beverage Inc (TSXV:CANS) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

WLDPF:USA

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.wildpackbev.com

Wildpack Beverage Inc is engaged in the Beverage Packaging and Production Industry. Its business activities include filling and decorating aluminum cans, along with brokering packaging materials and printing labels and sleeves for the United States beverage market. The Company has four reportable segments, being can, filling, decorating, brokering, and corporate It earns revenue from the sale of aluminum cans, decorated packaging materials, and the provision of beverage filling services to its customers.

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