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Pangea Natural Foods (Pangea Natural Foods) Cash And Cash Equivalents : $0.05 Mil (As of Jan. 2024)


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What is Pangea Natural Foods Cash And Cash Equivalents?

Pangea Natural Foods's quarterly cash and cash equivalents declined from Jul. 2023 ($0.14 Mil) to Oct. 2023 ($0.04 Mil) but then increased from Oct. 2023 ($0.04 Mil) to Jan. 2024 ($0.05 Mil).

Pangea Natural Foods's annual cash and cash equivalents declined from Oct. 2021 ($0.65 Mil) to Oct. 2022 ($0.06 Mil) and declined from Oct. 2022 ($0.06 Mil) to Oct. 2023 ($0.04 Mil).

Pangea Natural Foods Cash And Cash Equivalents Historical Data

The historical data trend for Pangea Natural Foods'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.

Pangea Natural Foods Cash And Cash Equivalents Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Cash And Cash Equivalents
0.65 0.06 0.04

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only 0.07 0.20 0.14 0.04 0.05

Pangea Natural Foods 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.

Pangea Natural Foods  (OTCPK:PNGAF) 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.

Pangea Natural Foods Cash And Cash Equivalents Related Terms

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Pangea Natural Foods (Pangea Natural Foods) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (OTCPK:PNGAF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
PNGA:Canada
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Website
https://www.pangeafood.com
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.