Altius Minerals (Altius Minerals) Cash And Cash Equivalents : $97.21 Mil (As of Dec. 2023)

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What is Altius Minerals Cash And Cash Equivalents?

Altius Minerals's quarterly cash and cash equivalents declined from Jun. 2023 ($59.67 Mil) to Sep. 2023 ($49.68 Mil) but then increased from Sep. 2023 ($49.68 Mil) to Dec. 2023 ($97.21 Mil).

Altius Minerals's annual cash and cash equivalents declined from Dec. 2021 ($78.14 Mil) to Dec. 2022 ($60.64 Mil) but then increased from Dec. 2022 ($60.64 Mil) to Dec. 2023 ($97.21 Mil).

Altius Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Altius Minerals'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.

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Altius Minerals Cash And Cash Equivalents Chart

Altius Minerals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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16.80

17.02

78.14

60.64

97.21

Altius Minerals 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															60.64	56.15	59.67	49.68	97.21

Altius Minerals 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.

Altius Minerals (OTCPK:ATUSF) 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.

Altius Minerals Cash And Cash Equivalents Related Terms

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Altius Minerals (Altius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altius Minerals Corp (OTCPK:ATUSF) » Definitions » Cash And Cash Equivalents

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VTM:Germany ALS:Canada

Address

38 Duffy Place, 2nd Floor, St. John's, NL, CAN, A1B 4M5

Website

https://www.altiusminerals.com

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties and Project Generation.