Loop Industries (Loop Industries) Cash And Cash Equivalents : $6.96 Mil (As of Feb. 2024)

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What is Loop Industries Cash And Cash Equivalents?

Loop Industries's quarterly cash and cash equivalents declined from Aug. 2023 ($13.37 Mil) to Nov. 2023 ($9.37 Mil) but then stayed the same from Nov. 2023 ($9.37 Mil) to Feb. 2024 ($6.96 Mil).

Loop Industries's annual cash and cash equivalents declined from Feb. 2022 ($44.06 Mil) to Feb. 2023 ($29.59 Mil) and declined from Feb. 2023 ($29.59 Mil) to Feb. 2024 ($6.96 Mil).

Loop Industries Cash And Cash Equivalents Historical Data

The historical data trend for Loop Industries'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.

* Premium members only.

Loop Industries Cash And Cash Equivalents Chart

Loop Industries Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash And Cash Equivalents

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33.72

35.22

44.06

29.59

6.96

Loop Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															29.59	21.97	13.37	9.37	6.96

Loop Industries 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.

Loop Industries (NAS:LOOP) 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.

Loop Industries Cash And Cash Equivalents Related Terms

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Loop Industries (Loop Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (NAS:LOOP) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3L9:Germany

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

Executives

Fady Mansour	officer: Chief Financial Officer	480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Nicolas Lafond	officer: Interim CFO	480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Yves Perron	officer: VP, Engineering & Construction	480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Stephen Champagne	officer: Chief Technology Officer	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Jonghyuk Lee	director	C/O SK GLOBAL CHEMICAL CO., LTD., 26, JONG-RO, JONGNO-GU, SEOUL M5 03188
Louise S Sams	director	C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Thomas Andrew Hickey	officer: CFO	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Daniel Solomita	director, 10 percent owner, officer: President, Secretary & Treas.	1999 AVENUE OF THE STARS, SUITE 2520, LOS ANGELES CA 90067
Nelson Gentiletti	officer: COO and CFO	480 FERNAND-POITRAS, TERREBONE A8 J6Y 1Y4
Jay Howard Stubina	director	480 FERNAND POITRAS, TERREBONE A8 J6Y 1Y4
Laurence G. Sellyn	director	480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Sheila Morin	officer: CMO	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Northern Private Capital Fund I Non-resident Limited Partnership	10 percent owner	135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO Z4 A6 M5R 0C7
Northern Private Capital Fund I Limited Partnership	10 percent owner	135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO A6 M5R 0C7
Peter Kezios	director	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4