The Planting Hope Co (TSXV:MYLK) Cash, Cash Equivalents, Marketable Securities : C$0.21 Mil (As of Sep. 2023)

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What is The Planting Hope Co Cash, Cash Equivalents, Marketable Securities?

The Planting Hope Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (C$0.32 Mil) to Jun. 2023 (C$0.00 Mil) but then increased from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.21 Mil).

The Planting Hope Co's annual cash, cash equivalents, marketable securities increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$7.44 Mil) but then declined from Dec. 2021 (C$7.44 Mil) to Dec. 2022 (C$0.32 Mil).

The Planting Hope Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for The Planting Hope Co's Cash, Cash Equivalents, Marketable Securities 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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The Planting Hope Co Cash, Cash Equivalents, Marketable Securities Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

7.44

0.32

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					1.20	0.56	0.32	-	0.21

The Planting Hope Co Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

The Planting Hope Co (TSXV:MYLK) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

The Planting Hope Co Cash, Cash Equivalents, Marketable Securities Related Terms

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The Planting Hope Co (TSXV:MYLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

MYLKF:USA J94:Germany

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

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