Mesabi Trust (Mesabi Trust) Cash And Cash Equivalents : $22.91 Mil (As of Oct. 2023)

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What is Mesabi Trust Cash And Cash Equivalents?

Mesabi Trust's quarterly cash and cash equivalents increased from Apr. 2023 ($13.10 Mil) to Jul. 2023 ($17.75 Mil) and increased from Jul. 2023 ($17.75 Mil) to Oct. 2023 ($22.91 Mil).

Mesabi Trust's annual cash and cash equivalents increased from Jan. 2021 ($12.50 Mil) to Jan. 2022 ($47.73 Mil) but then declined from Jan. 2022 ($47.73 Mil) to Jan. 2023 ($13.97 Mil).

Mesabi Trust Cash And Cash Equivalents Historical Data

The historical data trend for Mesabi Trust'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.

* Premium members only.

Mesabi Trust Cash And Cash Equivalents Chart

Mesabi Trust Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash And Cash Equivalents

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0.88

10.18

12.50

47.73

13.97

Mesabi Trust Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial															14.51	13.97	13.10	17.75	22.91

Mesabi Trust 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.

Mesabi Trust (NYSE:MSB) 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.

Mesabi Trust Cash And Cash Equivalents Related Terms

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Mesabi Trust (Mesabi Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mesabi Trust (NYSE:MSB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Deutsche Bank Trust Company Americas Trust & Agency Services, 1 Columbus Circle, 17th Floor, New York, NY, USA, 10019

Website

http://www.mesabi-trust.com

Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.

Executives

Robin M. Radke	other: Trustee of Mesabi Trust	C/O DEUTSCHE BANK TRUST COMPANY AMERICAS, 60 WALL STREET, 16TH FLOOR, NEW YORK NY 10005
Michael P Mlinar	other: Trustee of Mesabi Trust	444 WEST ANOKA STREET, DULUTH MN 55803
Robert C. Berglund	other: Trustee	P.O. BOX 351, CORONA NM 88318
James A Ehrenberg	other: Trustee	295 KOPP DRIVE, WEST ST. PAUL MN 55118