Apollo Silver (Apollo Silver) Cash And Cash Equivalents : $2.18 Mil (As of Feb. 2024)

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What is Apollo Silver Cash And Cash Equivalents?

Apollo Silver's quarterly cash and cash equivalents declined from May. 2023 ($3.43 Mil) to Aug. 2023 ($3.04 Mil) but then stayed the same from Aug. 2023 ($3.04 Mil) to Feb. 2024 ($2.18 Mil).

Apollo Silver's annual cash and cash equivalents increased from Nov. 2020 ($4.69 Mil) to Nov. 2021 ($12.53 Mil) but then declined from Nov. 2021 ($12.53 Mil) to Nov. 2022 ($6.96 Mil).

Apollo Silver Cash And Cash Equivalents Historical Data

The historical data trend for Apollo Silver'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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Apollo Silver Cash And Cash Equivalents Chart

Apollo Silver Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Cash And Cash Equivalents

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0.05

0.01

4.69

12.53

6.96

Apollo Silver Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															6.96	5.42	3.43	3.04	2.18

Apollo Silver 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.

Apollo Silver (OTCPK:APGOF) 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.

Apollo Silver Cash And Cash Equivalents Related Terms

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Apollo Silver (Apollo Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Apollo Silver Corp (OTCPK:APGOF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

6ZF0:Germany APGO:Canada

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.apollosilver.com

Apollo Silver Corp is exploration and development company in the U.S. The Company, together with its subsidiaries, is a mineral exploration and development group focused on advancing its portfolio of two silver exploration and resource development projects in the United States. The adjacent Waterloo and Langtry Projects are located in the historic Calico Silver Mining District, California. The Arizona Silver District Project is located in a historic silver mining district in southwestern Arizona. Geographically, the company operates in Canada and United States.