Teako Minerals (XCNQ:TMIN) Cash And Cash Equivalents : C$0.25 Mil (As of Jan. 2024)

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What is Teako Minerals Cash And Cash Equivalents?

Teako Minerals's quarterly cash and cash equivalents increased from Jul. 2023 (C$0.08 Mil) to Oct. 2023 (C$0.58 Mil) but then stayed the same from Oct. 2023 (C$0.58 Mil) to Jan. 2024 (C$0.25 Mil).

Teako Minerals's annual cash and cash equivalents increased from Jan. 2022 (C$0.26 Mil) to Jan. 2023 (C$0.32 Mil) but then declined from Jan. 2023 (C$0.32 Mil) to Jan. 2024 (C$0.25 Mil).

Teako Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Teako Minerals'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.

Teako Minerals Cash And Cash Equivalents Chart

Teako Minerals Annual Data

Trend

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

0.28

0.26

0.32

0.25

Teako Minerals Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.32	0.34	0.08	0.58	0.25

Teako Minerals 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.

Teako Minerals (XCNQ:TMIN) 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.

Teako Minerals Cash And Cash Equivalents Related Terms

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Teako Minerals (XCNQ:TMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teako Minerals Corp (XCNQ:TMIN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.teakominerals.com

Teako Minerals Corp is engaged in the acquisition, exploration, and evaluation of mineral property interests located in Canada. It is in the process of exploring its mineral property interest in British Columbia and has not yet determined whether it contains mineral reserves that are economically recoverable. The company's mineral property interest consists of the Pinnacle project under option located in British Columbia, Canada.

Executives

Fruchtexpress Grabher Gmbh & Co Kg	10% Security Holder
Owen Garfield	Director

Teako Minerals (XCNQ:TMIN) Headlines

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