Nickel 28 Capital (Nickel 28 Capital) Cash And Cash Equivalents : $9.81 Mil (As of Oct. 2023)

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What is Nickel 28 Capital Cash And Cash Equivalents?

Nickel 28 Capital's quarterly cash and cash equivalents declined from Apr. 2023 ($10.59 Mil) to Jul. 2023 ($6.45 Mil) but then increased from Jul. 2023 ($6.45 Mil) to Oct. 2023 ($9.81 Mil).

Nickel 28 Capital's annual cash and cash equivalents declined from Dec. 2020 ($6.37 Mil) to Jan. 2022 ($3.96 Mil) and declined from Jan. 2022 ($3.96 Mil) to Jan. 2023 ($2.37 Mil).

Nickel 28 Capital Cash And Cash Equivalents Historical Data

The historical data trend for Nickel 28 Capital'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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Nickel 28 Capital Cash And Cash Equivalents Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Cash And Cash Equivalents

4.44

6.37

3.96

2.37

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial											3.54	2.37	10.59	6.45	9.81

Nickel 28 Capital 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.

Nickel 28 Capital (OTCPK:CONXF) 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.

Nickel 28 Capital Cash And Cash Equivalents Related Terms

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Nickel 28 Capital (Nickel 28 Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (OTCPK:CONXF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3JC:Germany NKL:Canada

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.