Arizona Sonoran Copper Co (TSX:ASCU) Cash And Cash Equivalents : C$14.08 Mil (As of Dec. 2023)

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What is Arizona Sonoran Copper Co Cash And Cash Equivalents?

Arizona Sonoran Copper Co's quarterly cash and cash equivalents declined from Jun. 2023 (C$31.39 Mil) to Sep. 2023 (C$16.23 Mil) but then stayed the same from Sep. 2023 (C$16.23 Mil) to Dec. 2023 (C$14.08 Mil).

Arizona Sonoran Copper Co's annual cash and cash equivalents declined from Dec. 2021 (C$34.95 Mil) to Dec. 2022 (C$26.98 Mil) and declined from Dec. 2022 (C$26.98 Mil) to Dec. 2023 (C$14.08 Mil).

Arizona Sonoran Copper Co Cash And Cash Equivalents Historical Data

The historical data trend for Arizona Sonoran Copper 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.

* Premium members only.

Arizona Sonoran Copper Co Cash And Cash Equivalents Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.06

9.28

34.95

26.98

14.08

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											26.98	37.91	31.39	16.23	14.08

Arizona Sonoran Copper 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.

Arizona Sonoran Copper Co (TSX:ASCU) 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.

Arizona Sonoran Copper Co Cash And Cash Equivalents Related Terms

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Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ASCUF:USA H6F:Germany

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

Executives

Alan R. Edwards	Director
Sarah Ann Strunk	Director

Arizona Sonoran Copper Co (TSX:ASCU) Headlines

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