Flying Nickel Mining (Flying Nickel Mining) Cash, Cash Equivalents, Marketable Securities : $0.43 Mil (As of Dec. 2023)

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What is Flying Nickel Mining Cash, Cash Equivalents, Marketable Securities?

Flying Nickel Mining's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($1.61 Mil) to Sep. 2023 ($0.62 Mil) but then stayed the same from Sep. 2023 ($0.62 Mil) to Dec. 2023 ($0.43 Mil).

Flying Nickel Mining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Flying Nickel Mining's Cash, Cash Equivalents, Marketable Securities 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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Flying Nickel Mining Cash, Cash Equivalents, Marketable Securities Chart

Flying Nickel Mining Annual Data

Trend

Cash, Cash Equivalents, Marketable Securities

Flying Nickel Mining Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			3.98	2.84	1.61	0.62	0.43

Flying Nickel Mining Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Flying Nickel Mining (OTCPK:FLYNF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Flying Nickel Mining Cash, Cash Equivalents, Marketable Securities Related Terms

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Flying Nickel Mining (Flying Nickel Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flying Nickel Mining Corp (OTCPK:FLYNF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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FLYN:Canada

Address

409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2

Website

https://www.flynickel.com

Flying Nickel Mining Corp is a premier nickel sulphide mining and exploration company. It holds interests in the Minago Project located in Manitoba's Thompson Nickel Belt in Canada.

Flying Nickel Mining (Flying Nickel Mining) Headlines

From GuruFocus

Flying Nickel Announces Appointment of CEO and CFO

By ACCESSWIRE ACCESSWIRE • 07-21-2022