Ascend Wellness Holdings (XCNQ:AAWH.U) Cash, Cash Equivalents, Marketable Securities : $72.5 Mil (As of Dec. 2023)

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What is Ascend Wellness Holdings Cash, Cash Equivalents, Marketable Securities?

Ascend Wellness Holdings's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($68.05 Mil) to Sep. 2023 ($63.92 Mil) but then increased from Sep. 2023 ($63.92 Mil) to Dec. 2023 ($72.51 Mil).

Ascend Wellness Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($155.48 Mil) to Dec. 2022 ($74.15 Mil) and declined from Dec. 2022 ($74.15 Mil) to Dec. 2023 ($72.51 Mil).

Ascend Wellness Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ascend Wellness Holdings'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.

Ascend Wellness Holdings Cash, Cash Equivalents, Marketable Securities Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

56.55

155.48

74.15

72.51

Ascend Wellness Holdings Quarterly Data
	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												74.15	73.30	68.05	63.92	72.51

Ascend Wellness Holdings 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.

Ascend Wellness Holdings (XCNQ:AAWH.U) 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.

Ascend Wellness Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

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