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cbdMD's quarterly cash and cash equivalents declined from Jun. 2023 ($2.85 Mil) to Sep. 2023 ($1.80 Mil) but then stayed the same from Sep. 2023 ($1.80 Mil) to Dec. 2023 ($1.51 Mil).
cbdMD's annual cash and cash equivalents declined from Sep. 2021 ($26.41 Mil) to Sep. 2022 ($6.72 Mil) and declined from Sep. 2022 ($6.72 Mil) to Sep. 2023 ($1.80 Mil).
The historical data trend for cbdMD'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.
cbdMD Annual Data | |||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | ||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 4.69 | 14.83 | 26.41 | 6.72 | 1.80 |
cbdMD Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 3.35 | 1.72 | 2.85 | 1.80 | 1.51 |
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.
cbdMD (AMEX:YCBD) 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.
Thank you for viewing the detailed overview of cbdMD's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Ronan Kennedy | officer: Interim CEO and CFO | 8845 RED OAK BLVD, CHARLOTTE NC 28217 |
Bakari T. Sellers | director | 4231 VOORHEES ROAD, DENMARK SC 29042 |
Raines William F Iii | director | 8314 TOSOMOCK LANE, HUNTERSVILLE NC 28078 |
Scott G. Stephen | director | 4249 NORTH WINCHESTER AVE., CHICAGO IL 60613 |
Sibyl Nichole Swift | director | 730 HAWTHORNE LANE, APT 441, CHARLOTTE NC 28204 |
Kevin Macdermott | officer: President | 9580 CALDWELL RD, MOUNT ULLA NC 28125 |
Wiesehan John J Iii | officer: Chief Revenue Officer | 8845 RED OAK BOULEVARD, CHARLOTTE NC 28217 |
Sim Farar | director | 8845 RED OAK BOULEVARD, CHARLOTTE NC 28217 |
Martin A. Sumichrast | director, officer: Chairman of the Board and CEO | 11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277 |
Raymond Scott Coffman | director | 230 S. TRYON ST., #1302, CHARLOTTE NC 28202 |
Peter J. Ghiloni | director | 115 DEER ESTATES LANE, PONTE VEDRA BEACH FL 32082 |
Mark S Elliott | officer: CFO & COO | C/O LEVEL BRANDS, INC., 4521 SHARON ROAD, SUITE 450, CHARLOTTE NC 28211 |
Gregory C Morris | director | 421 CRANBORNE CHASE, FORT MILL SC 29708 |
Caryn Nicole Dunayer | officer: President | 8476 CATAWBA DOVE DR., BELMONT NC 28012 |
Erik Sterling | 10 percent owner | 5505 KALANIANAOLE HWY, HONOLULU HI 96821 |
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