CubicFarm Systems (TSXV:CUB) Cash, Cash Equivalents, Marketable Securities : C$0.58 Mil (As of Sep. 2023)

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What is CubicFarm Systems Cash, Cash Equivalents, Marketable Securities?

CubicFarm Systems's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 (C$2.10 Mil) to Jun. 2023 (C$0.27 Mil) but then increased from Jun. 2023 (C$0.27 Mil) to Sep. 2023 (C$0.58 Mil).

CubicFarm Systems's annual cash, cash equivalents, marketable securities increased from Jun. 2020 (C$3.60 Mil) to Dec. 2021 (C$21.38 Mil) but then declined from Dec. 2021 (C$21.38 Mil) to Dec. 2022 (C$2.95 Mil).

CubicFarm Systems Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for CubicFarm Systems'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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CubicFarm Systems Cash, Cash Equivalents, Marketable Securities Chart

CubicFarm Systems Annual Data

Trend

Jun18

Jun19

Jun20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

2.51

9.90

3.60

21.38

2.95

CubicFarm Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															7.14	2.95	2.10	0.27	0.58

CubicFarm Systems 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.

CubicFarm Systems (TSXV:CUB) 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.

CubicFarm Systems Cash, Cash Equivalents, Marketable Securities Related Terms

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CubicFarm Systems (TSXV:CUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CubicFarm Systems Corp (TSXV:CUB) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

CUBXD:USA

Address

7170 Glover Road, Langley, BC, CAN, V2Y 2R1

Website

https://www.cubicfarms.com

CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solution automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition and allows for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.

Executives

Ospraie Ag Science Llc

10% Security Holder