Blast Resources (XCNQ:BLST) Cash And Cash Equivalents : C$0.03 Mil (As of Oct. 2023)

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What is Blast Resources Cash And Cash Equivalents?

Blast Resources's quarterly cash and cash equivalents declined from Apr. 2023 (C$0.33 Mil) to Jul. 2023 (C$0.27 Mil) but then stayed the same from Jul. 2023 (C$0.27 Mil) to Oct. 2023 (C$0.03 Mil).

Blast Resources's annual cash and cash equivalents stayed the same from . 20 (C$0.00 Mil) to Jan. 2022 (C$0.00 Mil) but then increased from Jan. 2022 (C$0.00 Mil) to Jan. 2023 (C$0.12 Mil).

Blast Resources Cash And Cash Equivalents Historical Data

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

Blast Resources Annual Data

Trend

Jan22

Jan23

Cash And Cash Equivalents

0.12

Blast Resources Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	0.12	0.33	0.27	0.03

Blast 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.

Blast Resources (XCNQ:BLST) 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.

Blast Resources Cash And Cash Equivalents Related Terms

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Blast Resources (XCNQ:BLST) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Hornby Street, No. 380, Vancouver, BC, CAN, V6C 3B6

Website

Blast Resources Inc is a mineral exploration company engaged in acquiring, exploring, and evaluating resource properties. The Company holds the option to earn a 100% interest in the Property located near Vernon, Utah, United States in central Tooele County, Utah, United States. The Company's objective is to explore and, if warranted, develop the Property. The Company will evaluate opportunities to acquire interests in additional exploration-stage mineral properties.

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