AXIL Brands (AXIL Brands) Cash And Cash Equivalents : $4.89 Mil (As of Feb. 2024)

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What is AXIL Brands Cash And Cash Equivalents?

AXIL Brands's quarterly cash and cash equivalents increased from Aug. 2023 ($5.06 Mil) to Nov. 2023 ($5.96 Mil) but then stayed the same from Nov. 2023 ($5.96 Mil) to Feb. 2024 ($4.89 Mil).

AXIL Brands's annual cash and cash equivalents declined from May. 2021 ($0.50 Mil) to May. 2022 ($0.37 Mil) but then increased from May. 2022 ($0.37 Mil) to May. 2023 ($4.83 Mil).

AXIL Brands Cash And Cash Equivalents Historical Data

The historical data trend for AXIL Brands'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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AXIL Brands Cash And Cash Equivalents Chart

AXIL Brands Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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0.35

0.41

0.50

0.37

4.83

AXIL Brands 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															4.18	4.83	5.06	5.96	4.89

AXIL Brands 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.

AXIL Brands (AMEX:AXIL) 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.

AXIL Brands Cash And Cash Equivalents Related Terms

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AXIL Brands (AXIL Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AXIL Brands Inc (AMEX:AXIL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 S Fremont Avenue, Unit 158, Alhambra, CA, USA, 91803

Website

https://www.reviveprocare.com

Reviv3 Procare Co is engaged in manufacturing, marketing, sale and distribution of professional quality hair and skin care products under various trademarks and brands. It distributes its trademark products throughout the United States, Canada, Europe and Asia. The company sells hair and skincare products under its brand which includes seven distinct products. The hair care products consist of PREP shampoo, PRIME conditioner, and TREAT maintenance care. BOOST is designed to deliver nutrients and increase circulation to the scalp, MEND Deep Hair Repair Mask for added moisture and PROTECT, a heat protectant product to prevent damage from irons and dryers. The company is engaged in expanding its business-to-business salon sales through its network of domestic and international distributors.

Executives

Nancy Hundt	director	C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON STREET, CITY OF INDUSTRY CA 91748
Jeff Toghraie	director, 10 percent owner, officer: Chairman, CEO	C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON ST, INDUSTRY CA 91748
Monica Diaz Brickell	officer: Chief Financial Officer	901 FREMONT AVE., UNIT 158 AND 168, ALHAMBRA CA 92024
Jeffrey B. Brown	officer: Chief Operating Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Meenu Jain	officer: Chief Financial Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Christopher Go	officer: Chief Financial Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Donald Starace	officer: President	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Intrepid Global Advisors, Inc.	10 percent owner	325 N. MAPLE DRIVE, #5114, BEVERLY HILLS CA 90210
Shircoo, Inc.	10 percent owner	2350 ALLVIEW TERRACE EAST, LOS ANGELES CA 90068