TerraVest Industries (TSX:TVK) Cash And Cash Equivalents : C$18.1 Mil (As of Mar. 2024)

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What is TerraVest Industries Cash And Cash Equivalents?

TerraVest Industries's quarterly cash and cash equivalents declined from Sep. 2023 (C$24.76 Mil) to Dec. 2023 (C$18.18 Mil) but then stayed the same from Dec. 2023 (C$18.18 Mil) to Mar. 2024 (C$18.15 Mil).

TerraVest Industries's annual cash and cash equivalents increased from Sep. 2021 (C$8.36 Mil) to Sep. 2022 (C$9.39 Mil) and increased from Sep. 2022 (C$9.39 Mil) to Sep. 2023 (C$24.76 Mil).

TerraVest Industries Cash And Cash Equivalents Historical Data

The historical data trend for TerraVest 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.

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TerraVest Industries Cash And Cash Equivalents Chart

TerraVest Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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9.44

27.45

8.36

9.39

24.76

TerraVest Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															11.83	23.78	24.76	18.18	18.15

TerraVest 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.

TerraVest Industries (TSX:TVK) 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.

TerraVest Industries Cash And Cash Equivalents Related Terms

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TerraVest Industries (TSX:TVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TerraVest Industries Inc (TSX:TVK) » Definitions » Cash And Cash Equivalents

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TRRVF:USA

Address

60 Street, Suite 6205, Vegreville, AB, CAN, T9C 1P7

Website

https://www.terravestindustries.com

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include, : Home Heating and Cooling Products (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment) and Service. Majority of the revenue for the company is generated from its Compressed Gas Equipment segment which manufactures engineered products for the storage, distribution and dispensing of compressed gases including liquid propane gas, natural gas liquids, carbon dioxide and other gases. The company operates in Canada and United States.

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