Enablence Technologies (TSXV:ENA) Cash And Cash Equivalents : C$0.60 Mil (As of Mar. 2024)

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What is Enablence Technologies Cash And Cash Equivalents?

Enablence Technologies's quarterly cash and cash equivalents declined from Jun. 2023 (C$5.61 Mil) to Sep. 2023 (C$2.18 Mil) but then stayed the same from Sep. 2023 (C$2.18 Mil) to Mar. 2024 (C$0.60 Mil).

Enablence Technologies's annual cash and cash equivalents increased from Jun. 2021 (C$0.23 Mil) to Jun. 2022 (C$0.24 Mil) and increased from Jun. 2022 (C$0.24 Mil) to Jun. 2023 (C$5.61 Mil).

Enablence Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Enablence Technologies'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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Enablence Technologies Cash And Cash Equivalents Chart

Enablence Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.06

0.18

0.23

0.24

5.61

Enablence Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.20	0.29	5.61	2.18	0.60

Enablence Technologies 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.

Enablence Technologies (TSXV:ENA) 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.

Enablence Technologies Cash And Cash Equivalents Related Terms

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Enablence Technologies (TSXV:ENA) Business Description

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ENAFF:USA

Address

390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7

Website

https://www.enablence.com

Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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