CN Energy Group (CN Energy Group) Cash And Cash Equivalents : $0.20 Mil (As of Sep. 2023)

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What is CN Energy Group Cash And Cash Equivalents?

CN Energy Group's quarterly cash and cash equivalents declined from Sep. 2022 ($18.05 Mil) to Mar. 2023 ($0.68 Mil) but then stayed the same from Mar. 2023 ($0.68 Mil) to Sep. 2023 ($0.20 Mil).

CN Energy Group's annual cash and cash equivalents increased from Sep. 2021 ($0.19 Mil) to Sep. 2022 ($18.05 Mil) but then declined from Sep. 2022 ($18.05 Mil) to Sep. 2023 ($0.20 Mil).

CN Energy Group Cash And Cash Equivalents Historical Data

The historical data trend for CN Energy 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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CN Energy Group Cash And Cash Equivalents Chart

CN Energy Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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1.56

1.57

0.19

18.05

0.20

CN Energy Group Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.19	5.04	18.05	0.68	0.20

CN Energy 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.

CN Energy Group (NAS:CNEY) 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.

CN Energy Group Cash And Cash Equivalents Related Terms

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CN Energy Group (CN Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CN Energy Group Inc (NAS:CNEY) » Definitions » Cash And Cash Equivalents

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Address

No. 268 Shiniu Road, Building 2-B, Room 206, Liandu District, Zhejiang Province, Lishui, CHN

Website

https://www.ir.cneny.com

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon.