Optimind Pharma (XCNQ:OMND) Cash And Cash Equivalents : C$0.03 Mil (As of Nov. 2023)

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What is Optimind Pharma Cash And Cash Equivalents?

Optimind Pharma's quarterly cash and cash equivalents declined from May. 2023 (C$0.29 Mil) to Aug. 2023 (C$0.06 Mil) but then stayed the same from Aug. 2023 (C$0.06 Mil) to Nov. 2023 (C$0.03 Mil).

Optimind Pharma's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Feb. 2022 (C$1.35 Mil) but then declined from Feb. 2022 (C$1.35 Mil) to Feb. 2023 (C$0.55 Mil).

Optimind Pharma Cash And Cash Equivalents Historical Data

The historical data trend for Optimind Pharma'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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Optimind Pharma Cash And Cash Equivalents Chart

Optimind Pharma Annual Data

Trend

Feb22

Feb23

Cash And Cash Equivalents

1.35

0.55

Optimind Pharma Quarterly Data
	Jun21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.79	0.55	0.29	0.06	0.03

Optimind Pharma 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.

Optimind Pharma (XCNQ:OMND) 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.

Optimind Pharma Cash And Cash Equivalents Related Terms

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Optimind Pharma (XCNQ:OMND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimind Pharma Corp (XCNQ:OMND) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

3000 - 77 King Street West, TD Centre, North Tower, PO Box 95, Toronto, ON, CAN, M5K 1G8

Website

https://www.optimindpharma.com

Optimind Pharma Corp is an emerging provider of psychedelic therapies for the masses. It helps people suffering from PTSD, Anxiety, Depression, and other mental illnesses and disabilities by providing ketamine-assisted-treatment and other psychedelic-enhanced-psychotherapy modalities.

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