SolarBank (NEOE:SUNN) Cash And Cash Equivalents : C$6.09 Mil (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is SolarBank Cash And Cash Equivalents?

SolarBank's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.62 Mil) to Dec. 2023 (C$24.92 Mil) but then stayed the same from Dec. 2023 (C$24.92 Mil) to Mar. 2024 (C$6.09 Mil).

SolarBank's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Jun. 2022 (C$0.93 Mil) but then declined from Jun. 2022 (C$0.93 Mil) to Jun. 2023 (C$0.75 Mil).

SolarBank Cash And Cash Equivalents Historical Data

The historical data trend for SolarBank'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.

SolarBank Cash And Cash Equivalents Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

0.93

0.75

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial					5.63	0.75	0.62	24.92	6.09

SolarBank 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.

SolarBank (NEOE:SUNN) 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.

SolarBank Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of SolarBank's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

SolarBank (NEOE:SUNN) Headlines

No Headlines