Tana Resources (XCNQ:TANA) Cash And Cash Equivalents : C$0.04 Mil (As of Jan. 2024)

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What is Tana Resources Cash And Cash Equivalents?

Tana Resources's quarterly cash and cash equivalents declined from Jul. 2023 (C$0.08 Mil) to Oct. 2023 (C$0.07 Mil) but then stayed the same from Oct. 2023 (C$0.07 Mil) to Jan. 2024 (C$0.04 Mil).

Tana Resources's annual cash and cash equivalents declined from Oct. 2021 (C$0.23 Mil) to Oct. 2022 (C$0.22 Mil) and declined from Oct. 2022 (C$0.22 Mil) to Oct. 2023 (C$0.07 Mil).

Tana Resources Cash And Cash Equivalents Historical Data

The historical data trend for Tana 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.

Tana Resources Cash And Cash Equivalents Chart

Tana Resources Annual Data

Trend

Oct21

Oct22

Oct23

Cash And Cash Equivalents

0.23

0.22

0.07

Tana Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.20	0.16	0.08	0.07	0.04

Tana 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.

Tana Resources (XCNQ:TANA) 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.

Tana Resources Cash And Cash Equivalents Related Terms

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Tana Resources (XCNQ:TANA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Melville Street., Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.tanaresources.ca

Tana Resources Corp is a Canadian mining exploration company focused on the acquisition and development of high-value mining projects. Its activities include the acquisition and exploration of mineral resource properties with an emphasis on the Double T Property located in the Liard Mining District, British Columbia.

Executives

Vartan Korajian

Director, Senior Officer

Tana Resources (XCNQ:TANA) Headlines

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