Copper Fox Metals (Copper Fox Metals) Cash And Cash Equivalents : $0.70 Mil (As of Jan. 2024)

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What is Copper Fox Metals Cash And Cash Equivalents?

Copper Fox Metals's quarterly cash and cash equivalents increased from Jul. 2023 ($0.20 Mil) to Oct. 2023 ($1.00 Mil) but then stayed the same from Oct. 2023 ($1.00 Mil) to Jan. 2024 ($0.70 Mil).

Copper Fox Metals's annual cash and cash equivalents declined from Oct. 2021 ($2.13 Mil) to Oct. 2022 ($0.10 Mil) but then increased from Oct. 2022 ($0.10 Mil) to Oct. 2023 ($1.00 Mil).

Copper Fox Metals Cash And Cash Equivalents Historical Data

The historical data trend for Copper Fox 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.

* Premium members only.

Copper Fox Metals Cash And Cash Equivalents Chart

Copper Fox Metals Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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0.28

0.37

2.13

0.10

1.00

Copper Fox Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.16	0.69	0.20	1.00	0.70

Copper Fox 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.

Copper Fox Metals (OTCPK:CPFXF) 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.

Copper Fox Metals Cash And Cash Equivalents Related Terms

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Copper Fox Metals (Copper Fox Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Fox Metals Inc (OTCPK:CPFXF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HPU:Germany CUU:Canada

Address

340 - 12th Avenue South West, Suite 650, Calgary, AB, CAN, T2R 1L5

Website

https://www.copperfoxmetals.com

Copper Fox Metals Inc is a Canadian-based resource company. It is focused on the exploration and development of copper mineral properties in Canada and the United States. It has interests in the Van Dyke Project, Sombrero Butte Project, Mineral Mountain Project, and Schaft Creek Properties, among others. The geographic segments of the group are Canada and the United States. It derives a majority of its revenue from Canada.

Copper Fox Metals (Copper Fox Metals) Headlines

From GuruFocus

Copper Fox Announces 2018 First Quarter Operating and Financial Results

By GlobeNewswire GlobeNewswire • 03-30-2018

Copper Fox Metals Inc. to Webcast Live at VirtualInvestorConferences.com February 15th

By GuruFocusNews GuruFocusNews • 02-14-2022