Quebec Precious Metals (Quebec Precious Metals) Cash And Cash Equivalents : $0.21 Mil (As of Oct. 2023)

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What is Quebec Precious Metals Cash And Cash Equivalents?

Quebec Precious Metals's quarterly cash and cash equivalents increased from Apr. 2023 ($0.15 Mil) to Jul. 2023 ($0.93 Mil) but then stayed the same from Jul. 2023 ($0.93 Mil) to Oct. 2023 ($0.21 Mil).

Quebec Precious Metals's annual cash and cash equivalents increased from Jan. 2021 ($0.93 Mil) to Jan. 2022 ($1.25 Mil) but then declined from Jan. 2022 ($1.25 Mil) to Jan. 2023 ($0.20 Mil).

Quebec Precious Metals Cash And Cash Equivalents Historical Data

The historical data trend for Quebec Precious Metals'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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Quebec Precious Metals Cash And Cash Equivalents Chart

Quebec Precious Metals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash And Cash Equivalents

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2.46

1.88

0.93

1.25

0.20

Quebec Precious Metals 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															0.35	0.20	0.15	0.93	0.21

Quebec Precious Metals 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.

Quebec Precious Metals (OTCPK:CJCFF) 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.

Quebec Precious Metals Cash And Cash Equivalents Related Terms

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Quebec Precious Metals (Quebec Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Precious Metals Corp (OTCPK:CJCFF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

YXEP:Germany QPM:Canada

Address

1080, Cote du Beaver Hall, Bureau 2101, Montreal, QC, CAN, H2Z 1S8

Website

https://www.qpmcorp.ca

Quebec Precious Metals Corp is engaged in the acquisition, exploration, and development of mining projects in Canada. The company is focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation's Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. The Company's operations consist of a single operating segment being the sector of exploration and evaluation of mineral resources and all operations are located in Canada.