Planet Based Foods Global (XCNQ:PBF) Cash, Cash Equivalents, Marketable Securities : C$0.00 Mil (As of Sep. 2023)

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What is Planet Based Foods Global Cash, Cash Equivalents, Marketable Securities?

Planet Based Foods Global's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 (C$0.49 Mil) to Jun. 2023 (C$0.05 Mil) but then stayed the same from Jun. 2023 (C$0.05 Mil) to Sep. 2023 (C$0.00 Mil).

Planet Based Foods Global's annual cash, cash equivalents, marketable securities increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$6.94 Mil) but then declined from Dec. 2021 (C$6.94 Mil) to Dec. 2022 (C$1.47 Mil).

Planet Based Foods Global Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Cash, Cash Equivalents, Marketable Securities Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

6.94

1.47

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			2.62	1.47	0.49	0.05	-

Planet Based Foods Global 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.

Planet Based Foods Global (XCNQ:PBF) 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.

Planet Based Foods Global Cash, Cash Equivalents, Marketable Securities Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.