PlasCred Circular Innovations (PlasCred Circular Innovations) Cash, Cash Equivalents, Marketable Securities : $0.10 Mil (As of Jun. 2023)

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What is PlasCred Circular Innovations Cash, Cash Equivalents, Marketable Securities?

PlasCred Circular Innovations's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 ($0.00 Mil) to Mar. 2023 ($0.38 Mil) but then stayed the same from Mar. 2023 ($0.38 Mil) to Jun. 2023 ($0.10 Mil).

PlasCred Circular Innovations's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2022 ($0.09 Mil) and increased from Dec. 2022 ($0.09 Mil) to Dec. 2023 ($0.40 Mil).

PlasCred Circular Innovations Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for PlasCred Circular Innovations'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.

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PlasCred Circular Innovations Cash, Cash Equivalents, Marketable Securities Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.09

0.40

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	-	0.38	0.10	0.40

PlasCred Circular Innovations 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.

PlasCred Circular Innovations (OTCPK:MGPRF) 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.

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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

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