NuGen Medical Devices (TSXV:NGMD) Cash And Cash Equivalents : C$0.40 Mil (As of Mar. 2024)

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What is NuGen Medical Devices Cash And Cash Equivalents?

NuGen Medical Devices's quarterly cash and cash equivalents declined from Sep. 2023 (C$1.67 Mil) to Dec. 2023 (C$0.46 Mil) but then stayed the same from Dec. 2023 (C$0.46 Mil) to Mar. 2024 (C$0.40 Mil).

NuGen Medical Devices's annual cash and cash equivalents declined from Dec. 2021 (C$1.75 Mil) to Dec. 2022 (C$0.13 Mil) but then increased from Dec. 2022 (C$0.13 Mil) to Dec. 2023 (C$0.46 Mil).

NuGen Medical Devices Cash And Cash Equivalents Historical Data

The historical data trend for NuGen Medical Devices'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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NuGen Medical Devices Cash And Cash Equivalents Chart

NuGen Medical Devices Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.27

1.75

0.13

0.46

NuGen Medical Devices Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									0.13	0.45	1.67	0.46	0.40

NuGen Medical Devices 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.

NuGen Medical Devices (TSXV:NGMD) 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.

NuGen Medical Devices Cash And Cash Equivalents Related Terms

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NuGen Medical Devices (TSXV:NGMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » NuGen Medical Devices Inc (TSXV:NGMD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NGMDF:USA 79O:Germany

Address

18 King Street East, Suite 1400, Toronto, ON, CAN, M5C 1C4

Website

https://www.nugenmd.com

NuGen Medical Devices Inc is a medical device manufacturing company specializing in the field of needleless injections and related technologies. The reportable segment of the company is the manufacturing of needless injector devices. Geographically the company generates revenue from Asia, Europe and others.

Executives

Richard Buzbuzian

Director, Senior Officer

NuGen Medical Devices (TSXV:NGMD) Headlines

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