Sokoman Minerals (TSXV:SIC) Cash, Cash Equivalents, Marketable Securities : C$3.88 Mil (As of Mar. 2024)

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What is Sokoman Minerals Cash, Cash Equivalents, Marketable Securities?

Sokoman Minerals's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (C$2.26 Mil) to Dec. 2023 (C$4.81 Mil) but then stayed the same from Dec. 2023 (C$4.81 Mil) to Mar. 2024 (C$3.88 Mil).

Sokoman Minerals's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (C$15.69 Mil) to Jun. 2022 (C$10.51 Mil) and declined from Jun. 2022 (C$10.51 Mil) to Jun. 2023 (C$5.02 Mil).

Sokoman Minerals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sokoman Minerals'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.

* Premium members only.

Sokoman Minerals Cash, Cash Equivalents, Marketable Securities Chart

Sokoman Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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2.58

2.76

15.69

10.51

5.02

Sokoman Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															6.10	5.02	2.26	4.81	3.88

Sokoman Minerals 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.

Sokoman Minerals (TSXV:SIC) 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.

Sokoman Minerals Cash, Cash Equivalents, Marketable Securities Related Terms

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Sokoman Minerals (TSXV:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sokoman Minerals Corp (TSXV:SIC) » Definitions » Cash, Cash Equivalents, Marketable Securities

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SICNF:USA 3PJ1:Germany

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in north-central Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland.

Executives