Prospect Ridge Resources (XCNQ:PRR) Cash And Cash Equivalents : C$0.47 Mil (As of Feb. 2024)

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What is Prospect Ridge Resources Cash And Cash Equivalents?

Prospect Ridge Resources's quarterly cash and cash equivalents declined from Aug. 2023 (C$1.39 Mil) to Nov. 2023 (C$0.75 Mil) but then stayed the same from Nov. 2023 (C$0.75 Mil) to Feb. 2024 (C$0.47 Mil).

Prospect Ridge Resources's annual cash and cash equivalents increased from Aug. 2021 (C$0.76 Mil) to Aug. 2022 (C$3.17 Mil) but then declined from Aug. 2022 (C$3.17 Mil) to Aug. 2023 (C$1.39 Mil).

Prospect Ridge Resources Cash And Cash Equivalents Historical Data

The historical data trend for Prospect Ridge 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.

* Premium members only.

Prospect Ridge Resources Cash And Cash Equivalents Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

0.71

0.76

3.17

1.39

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial								2.18	1.95	1.39	0.75	0.47

Prospect Ridge 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.

Prospect Ridge Resources (XCNQ:PRR) 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.

Prospect Ridge Resources Cash And Cash Equivalents Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

Prospect Ridge Resources (XCNQ:PRR) Headlines

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