Thermal Energy International (TSXV:TMG) Cash And Cash Equivalents : C$7.54 Mil (As of Feb. 2024)

Thermal Energy International Cash And Cash Equivalents Chart

Thermal Energy International Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Cash And Cash Equivalents		Get a 7-Day Free Trial					4.18	4.78	4.24	2.46	2.81

Thermal Energy International 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															4.08	2.81	4.14	3.42	7.54

Thermal Energy International 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.

Thermal Energy International  (TSXV:TMG) 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.

Thermal Energy International Cash And Cash Equivalents Related Terms

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Thermal Energy International (TSXV:TMG) Business Description