EDM Resources (TSXV:EDM) Cash And Cash Equivalents : C$0.75 Mil (As of Mar. 2024)

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What is EDM Resources Cash And Cash Equivalents?

EDM Resources's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.45 Mil) to Dec. 2023 (C$0.01 Mil) but then increased from Dec. 2023 (C$0.01 Mil) to Mar. 2024 (C$0.75 Mil).

EDM Resources's annual cash and cash equivalents declined from Dec. 2021 (C$1.14 Mil) to Dec. 2022 (C$0.33 Mil) and declined from Dec. 2022 (C$0.33 Mil) to Dec. 2023 (C$0.01 Mil).

EDM Resources Cash And Cash Equivalents Historical Data

The historical data trend for EDM 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.

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EDM Resources Cash And Cash Equivalents Chart

EDM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.52

0.24

1.14

0.33

0.01

EDM 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															0.29	1.15	0.45	0.01	0.75

EDM 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.

EDM Resources (TSXV:EDM) 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.

EDM Resources Cash And Cash Equivalents Related Terms

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EDM Resources (TSXV:EDM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1959 Upper Water Street, Suite 1301, Purdy's Wharf, Halifax, NS, CAN, B3J 3N2

Website

https://www.edmresources.com

EDM Resources Inc is an exploration and development company. The company is engaged in base metals mining and related activities, including the exploration and evaluation of mineral property interests that are considered to have the potential for economic mineralization and development. Its project includes Scotia Mine; Eastville Prospect; Carrolls Farm and Carrolls Corner Prospects.

Executives

Mark Stephen Richard Haywood

Senior Officer

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