Arras Minerals (TSXV:ARK) Cash And Cash Equivalents : C$1.00 Mil (As of Jan. 2024)

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What is Arras Minerals Cash And Cash Equivalents?

Arras Minerals's quarterly cash and cash equivalents declined from Jul. 2023 (C$1.48 Mil) to Oct. 2023 (C$0.40 Mil) but then increased from Oct. 2023 (C$0.40 Mil) to Jan. 2024 (C$1.00 Mil).

Arras Minerals's annual cash and cash equivalents declined from Oct. 2021 (C$4.73 Mil) to Oct. 2022 (C$0.58 Mil) and declined from Oct. 2022 (C$0.58 Mil) to Oct. 2023 (C$0.40 Mil).

Arras Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Arras Minerals'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.

Arras Minerals Cash And Cash Equivalents Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Cash And Cash Equivalents

4.73

0.58

0.40

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial							5.52	3.26	1.48	0.40	1.00

Arras Minerals 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.

Arras Minerals (TSXV:ARK) 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.

Arras Minerals Cash And Cash Equivalents Related Terms

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Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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