Muzhu Mining (XCNQ:MUZU) Cash And Cash Equivalents : C$0.28 Mil (As of Dec. 2023)

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What is Muzhu Mining Cash And Cash Equivalents?

Muzhu Mining's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.27 Mil) to Sep. 2023 (C$0.29 Mil) but then stayed the same from Sep. 2023 (C$0.29 Mil) to Dec. 2023 (C$0.28 Mil).

Muzhu Mining's annual cash and cash equivalents stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Dec. 2020 (C$0.10 Mil).

Muzhu Mining Cash And Cash Equivalents Historical Data

The historical data trend for Muzhu Mining'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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Muzhu Mining Cash And Cash Equivalents Chart

Muzhu Mining Annual Data

Trend

Dec20

Cash And Cash Equivalents

0.10

Muzhu Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							0.69	0.36	0.27	0.29	0.28

Muzhu Mining 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.

Muzhu Mining (XCNQ:MUZU) 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.

Muzhu Mining Cash And Cash Equivalents Related Terms

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Muzhu Mining (XCNQ:MUZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Muzhu Mining Ltd (XCNQ:MUZU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

Y33:Germany

Address

777 Hornby Street, Suite 600, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.muzhumining.com

Muzhu Mining Ltd is a junior exploration company operating in Quebec, and is engaged in exploration, development and mining of precious metals properties domestically and/or internationally and currently has exploration property agreements in Canada and China. The company holds 100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt.

Executives

James Christopher Tworek

Deemed Insider - 6 Months before becoming Insider

Muzhu Mining (XCNQ:MUZU) Headlines

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