G6 Materials (TSXV:GGG) Cash And Cash Equivalents : C$0.03 Mil (As of Feb. 2024)

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What is G6 Materials Cash And Cash Equivalents?

G6 Materials's quarterly cash and cash equivalents declined from Aug. 2023 (C$0.23 Mil) to Nov. 2023 (C$0.07 Mil) but then stayed the same from Nov. 2023 (C$0.07 Mil) to Feb. 2024 (C$0.03 Mil).

G6 Materials's annual cash and cash equivalents declined from May. 2021 (C$5.92 Mil) to May. 2022 (C$2.73 Mil) and declined from May. 2022 (C$2.73 Mil) to May. 2023 (C$0.53 Mil).

G6 Materials Cash And Cash Equivalents Historical Data

The historical data trend for G6 Materials'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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G6 Materials Cash And Cash Equivalents Chart

G6 Materials Annual Data

Trend

Jul14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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0.14

0.79

5.92

2.73

0.53

G6 Materials 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															0.85	0.53	0.23	0.07	0.03

G6 Materials 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.

G6 Materials (TSXV:GGG) 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.

G6 Materials Cash And Cash Equivalents Related Terms

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G6 Materials (TSXV:GGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G6 Materials Corp (TSXV:GGG) » Definitions » Cash And Cash Equivalents

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GPHBF:USA G310:Germany

Address

760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website

https://www.g6-materials.com

G6 Materials Corp is engaged in the development, manufacture, and sale of proprietary composites and coatings based on graphene and other advanced materials. The company's products include high-performance resins, composites, R&D materials, fine organic chemicals, and conductive adhesives.

Executives

Elena Polyakova

Director, Senior Officer