Esrey Resources (TSXV:ESR.H) Cash And Cash Equivalents : C$0.19 Mil (As of Jun. 2021)

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What is Esrey Resources Cash And Cash Equivalents?

Esrey Resources's quarterly cash and cash equivalents declined from Dec. 2020 (C$0.20 Mil) to Mar. 2021 (C$0.19 Mil) but then stayed the same from Mar. 2021 (C$0.19 Mil) to Jun. 2021 (C$0.19 Mil).

Esrey Resources's annual cash and cash equivalents declined from Sep. 2018 (C$1.21 Mil) to Sep. 2019 (C$0.23 Mil) and declined from Sep. 2019 (C$0.23 Mil) to Sep. 2020 (C$0.21 Mil).

Esrey Resources Cash And Cash Equivalents Historical Data

The historical data trend for Esrey 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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Esrey Resources Cash And Cash Equivalents Chart

Esrey Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Cash And Cash Equivalents

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6.93

4.22

1.21

0.23

0.21

Esrey Resources Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	0.21	0.20	0.19	0.19

Esrey 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.

Esrey Resources (TSXV:ESR.H) 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.

Esrey Resources Cash And Cash Equivalents Related Terms

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Esrey Resources (TSXV:ESR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Esrey Resources Ltd (TSXV:ESR.H) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

1075 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 3C9

Website

https://www.esreyresources.com

Esrey Resources Ltd is a Canada based company focused on the extraction of zinc, lead and other metals from these waste materials in a hydrometallurgical process. Its hydrometallurgical pilot plant, located in Macedonia, is capable to develop hydrometallurgical processing approximately 100 tonnes of feed per annum.

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