VR Resources (VR Resources) Cash And Cash Equivalents : $1.00 Mil (As of Sep. 2023)

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What is VR Resources Cash And Cash Equivalents?

VR Resources's quarterly cash and cash equivalents declined from Dec. 2022 ($0.75 Mil) to Mar. 2023 ($0.54 Mil) but then increased from Mar. 2023 ($0.54 Mil) to Sep. 2023 ($1.00 Mil).

VR Resources's annual cash and cash equivalents declined from Mar. 2021 ($2.33 Mil) to Mar. 2022 ($1.56 Mil) and declined from Mar. 2022 ($1.56 Mil) to Mar. 2023 ($0.54 Mil).

VR Resources Cash And Cash Equivalents Historical Data

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

VR Resources Annual Data

Trend

Dec15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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0.93

1.05

2.33

1.56

0.54

VR Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.15	1.33	0.75	0.54	1.00

VR 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.

VR Resources (OTCPK:VRRCF) 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.

VR Resources Cash And Cash Equivalents Related Terms

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VR Resources (VR Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » VR Resources Ltd (OTCPK:VRRCF) » Definitions » Cash And Cash Equivalents

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VRR:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1G8

Website

https://www.vrr.ca

VR Resources Ltd is an established junior exploration company focused on Greenfields' opportunities in precious metals. The company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well-financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. The company projects include Hecla-Kilmer, Ranoke, Bonita, Reveille Silver, Big Ten, and others.