Norandaome Fund (Norandaome Fund) Cash And Cash Equivalents : $4.5 Mil (As of Sep. 2022)

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What is Norandaome Fund Cash And Cash Equivalents?

Norandaome Fund's quarterly cash and cash equivalents declined from Mar. 2022 ($0.78 Mil) to Jun. 2022 ($0.49 Mil) but then increased from Jun. 2022 ($0.49 Mil) to Sep. 2022 ($4.49 Mil).

Norandaome Fund's annual cash and cash equivalents declined from Dec. 2019 ($1.08 Mil) to Dec. 2020 ($0.21 Mil) but then increased from Dec. 2020 ($0.21 Mil) to Dec. 2021 ($0.26 Mil).

Norandaome Fund Cash And Cash Equivalents Historical Data

The historical data trend for Norandaome Fund'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.

Norandaome Fund Cash And Cash Equivalents Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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1.82

0.73

1.08

0.21

0.26

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.02	0.26	0.78	0.49	4.49

Norandaome Fund 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.

Norandaome Fund (OTCPK:NNDIF) 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.

Norandaome Fund Cash And Cash Equivalents Related Terms

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Norandaome Fund (Norandaome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (OTCPK:NNDIF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.