Nine Mile Metals (Nine Mile Metals) Cash, Cash Equivalents, Marketable Securities : $0.97 Mil (As of Dec. 2023)

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What is Nine Mile Metals Cash, Cash Equivalents, Marketable Securities?

Nine Mile Metals's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($0.78 Mil) to Sep. 2023 ($0.33 Mil) but then increased from Sep. 2023 ($0.33 Mil) to Dec. 2023 ($0.97 Mil).

Nine Mile Metals's annual cash, cash equivalents, marketable securities increased from Sep. 2021 ($0.75 Mil) to Sep. 2022 ($0.81 Mil) but then declined from Sep. 2022 ($0.81 Mil) to Sep. 2023 ($0.33 Mil).

Nine Mile Metals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Nine Mile Metals'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.

Nine Mile Metals Cash, Cash Equivalents, Marketable Securities Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

0.58

0.20

0.75

0.81

0.33

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.81	1.15	0.78	0.33	0.97

Nine Mile Metals 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.

Nine Mile Metals (OTCPK:VMSXF) 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.

Nine Mile Metals Cash, Cash Equivalents, Marketable Securities Related Terms

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Nine Mile Metals (Nine Mile Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (OTCPK:VMSXF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NINE:Canada

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.