EV Technology Group (NEOE:EVTG) Cash And Cash Equivalents : C$0.01 Mil (As of Sep. 2023)

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What is EV Technology Group Cash And Cash Equivalents?

EV Technology Group's quarterly cash and cash equivalents declined from Mar. 2023 (C$0.08 Mil) to Jun. 2023 (C$0.03 Mil) but then stayed the same from Jun. 2023 (C$0.03 Mil) to Sep. 2023 (C$0.01 Mil).

EV Technology Group's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$1.56 Mil) but then declined from Dec. 2021 (C$1.56 Mil) to Dec. 2022 (C$0.37 Mil).

EV Technology Group Cash And Cash Equivalents Historical Data

The historical data trend for EV Technology Group'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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EV Technology Group Cash And Cash Equivalents Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

1.56

0.37

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.60	0.37	0.08	0.03	0.01

EV Technology Group 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.

EV Technology Group (NEOE:EVTG) 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.

EV Technology Group Cash And Cash Equivalents Related Terms

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EV Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (NEOE:EVTG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.

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