Heritage Cannabis Holding (Heritage Cannabis Holding) Cash And Cash Equivalents : $2.86 Mil (As of Oct. 2023)

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What is Heritage Cannabis Holding Cash And Cash Equivalents?

Heritage Cannabis Holding's quarterly cash and cash equivalents increased from Apr. 2023 ($2.95 Mil) to Jul. 2023 ($4.78 Mil) but then stayed the same from Jul. 2023 ($4.78 Mil) to Oct. 2023 ($2.86 Mil).

Heritage Cannabis Holding's annual cash and cash equivalents increased from Oct. 2021 ($3.03 Mil) to Oct. 2022 ($3.73 Mil) but then declined from Oct. 2022 ($3.73 Mil) to Oct. 2023 ($2.86 Mil).

Heritage Cannabis Holding Cash And Cash Equivalents Historical Data

The historical data trend for Heritage Cannabis Holding's Cash And Cash Equivalents 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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Heritage Cannabis Holding Cash And Cash Equivalents Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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1.89

1.09

3.03

3.73

2.86

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.73	4.66	2.95	4.78	2.86

Heritage Cannabis Holding Cash And Cash Equivalents 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.

Heritage Cannabis Holding (OTCPK:HERTF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Heritage Cannabis Holding Cash And Cash Equivalents Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

2UE:Germany CANN:Canada

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.