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Borealis Foods (Borealis Foods) Cash, Cash Equivalents, Marketable Securities : $0.09 Mil (As of Dec. 2023)


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What is Borealis Foods Cash, Cash Equivalents, Marketable Securities?

Borealis Foods's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 ($2.91 Mil) to Dec. 2022 ($0.68 Mil) but then stayed the same from Dec. 2022 ($0.68 Mil) to Dec. 2023 ($0.09 Mil).

Borealis Foods's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($2.91 Mil) to Dec. 2022 ($0.68 Mil) and declined from Dec. 2022 ($0.68 Mil) to Dec. 2023 ($0.09 Mil).

Borealis Foods Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Borealis Foods's Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

Borealis Foods Cash, Cash Equivalents, Marketable Securities Chart

Borealis Foods Annual Data
Trend Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
2.91 0.68 0.09

Borealis Foods Semi-Annual Data
Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities 2.91 0.68 0.09

Borealis Foods Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Borealis Foods  (NAS:BRLS) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Borealis Foods Cash, Cash Equivalents, Marketable Securities Related Terms

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Borealis Foods (Borealis Foods) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
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Address
1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5
Website
https://www.borealisfoods.com
Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

Borealis Foods (Borealis Foods) Headlines

From GuruFocus

Borealis Foods, a Rapidly Growing, Mission-Driven Food Tech Company, to Ring Nasdaq Closing Bell

By Business Wire • 02-14-2024