Ascendant Resources (Ascendant Resources) Cash And Cash Equivalents : $0.29 Mil (As of Mar. 2024)

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What is Ascendant Resources Cash And Cash Equivalents?

Ascendant Resources's quarterly cash and cash equivalents increased from Sep. 2023 ($0.18 Mil) to Dec. 2023 ($0.64 Mil) but then stayed the same from Dec. 2023 ($0.64 Mil) to Mar. 2024 ($0.29 Mil).

Ascendant Resources's annual cash and cash equivalents increased from Dec. 2021 ($0.94 Mil) to Dec. 2022 ($3.77 Mil) but then declined from Dec. 2022 ($3.77 Mil) to Dec. 2023 ($0.64 Mil).

Ascendant Resources Cash And Cash Equivalents Historical Data

The historical data trend for Ascendant Resources'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.

Ascendant Resources Cash And Cash Equivalents Chart

Ascendant Resources Annual Data

Trend

Jul14

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.68

0.76

0.94

3.77

0.64

Ascendant Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.19	0.12	0.18	0.64	0.29

Ascendant Resources 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.

Ascendant Resources (OTCPK:ASDRF) 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.

Ascendant Resources Cash And Cash Equivalents Related Terms

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Ascendant Resources (Ascendant Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascendant Resources Inc (OTCPK:ASDRF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

2D9:Germany ASND:Canada

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.ascendantresources.com

Ascendant Resources Inc is a mining company. The company is engaged in evaluating resource opportunities. It is focused on its own producing El Mochito zinc, silver and lead mine. The El Mochito mine is located in northwestern Honduras. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat-lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with silver credits. It also holds an interest in Lagoa Salgada Project.