Nova Net Lease REIT (XCNQ:NNL.U) Cash, Cash Equivalents, Marketable Securities : $0.08 Mil (As of Sep. 2024)

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What is Nova Net Lease REIT Cash, Cash Equivalents, Marketable Securities?

Nova Net Lease REIT's quarterly cash, cash equivalents, marketable securities increased from Mar. 2024 ($0.13 Mil) to Jun. 2024 ($0.20 Mil) but then stayed the same from Jun. 2024 ($0.20 Mil) to Sep. 2024 ($0.08 Mil).

Nova Net Lease REIT's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.36 Mil) to Dec. 2022 ($1.34 Mil) but then declined from Dec. 2022 ($1.34 Mil) to Dec. 2023 ($0.28 Mil).

Nova Net Lease REIT Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Nova Net Lease REIT'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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Nova Net Lease REIT Cash, Cash Equivalents, Marketable Securities Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.36

1.34

0.28

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								0.51	0.28	0.13	0.20	0.08

Nova Net Lease REIT 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.

Nova Net Lease REIT (XCNQ:NNL.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.

Nova Net Lease REIT Cash, Cash Equivalents, Marketable Securities Related Terms

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Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (XCNQ:NNL.U) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.

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