Canada Nickel Co (Canada Nickel Co) Cash And Cash Equivalents : $31.81 Mil (As of Jan. 2024)

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What is Canada Nickel Co Cash And Cash Equivalents?

Canada Nickel Co's quarterly cash and cash equivalents increased from Jul. 2023 ($5.72 Mil) to Oct. 2023 ($10.53 Mil) and increased from Oct. 2023 ($10.53 Mil) to Jan. 2024 ($31.81 Mil).

Canada Nickel Co's annual cash and cash equivalents increased from Oct. 2021 ($2.68 Mil) to Oct. 2022 ($9.50 Mil) and increased from Oct. 2022 ($9.50 Mil) to Oct. 2023 ($10.53 Mil).

Canada Nickel Co Cash And Cash Equivalents Historical Data

The historical data trend for Canada Nickel Co'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.

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Canada Nickel Co Cash And Cash Equivalents Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

8.45

2.68

9.50

10.53

Canada Nickel Co Quarterly Data
	Jan20	Apr20	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												0.93	10.96	5.72	10.53	31.81

Canada Nickel Co 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.

Canada Nickel Co (OTCPK:CNIKF) 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.

Canada Nickel Co Cash And Cash Equivalents Related Terms

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Canada Nickel Co (Canada Nickel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (OTCPK:CNIKF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

4E0:Germany CNC:Canada

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.