Green Thumb Industries (XCNQ:GTII) Cash, Cash Equivalents, Marketable Securities : C$303 Mil (As of Mar. 2024)

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What is Green Thumb Industries Cash, Cash Equivalents, Marketable Securities?

Green Thumb Industries's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (C$185.16 Mil) to Dec. 2023 (C$216.85 Mil) and increased from Dec. 2023 (C$216.85 Mil) to Mar. 2024 (C$303.12 Mil).

Green Thumb Industries's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (C$294.94 Mil) to Dec. 2022 (C$241.38 Mil) and declined from Dec. 2022 (C$241.38 Mil) to Dec. 2023 (C$216.85 Mil).

Green Thumb Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Green Thumb Industries'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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Green Thumb Industries Cash, Cash Equivalents, Marketable Securities Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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61.46

107.29

294.94

241.38

216.85

Green Thumb Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															253.64	198.00	185.16	216.85	303.12

Green Thumb Industries 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.

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.