Altai Resources (Altai Resources) Cash And Cash Equivalents : $0.96 Mil (As of Sep. 2023)

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What is Altai Resources Cash And Cash Equivalents?

Altai Resources's quarterly cash and cash equivalents increased from Mar. 2023 ($0.92 Mil) to Jun. 2023 ($0.95 Mil) and increased from Jun. 2023 ($0.95 Mil) to Sep. 2023 ($0.96 Mil).

Altai Resources's annual cash and cash equivalents increased from Dec. 2020 ($1.07 Mil) to Dec. 2021 ($1.08 Mil) but then declined from Dec. 2021 ($1.08 Mil) to Dec. 2022 ($0.91 Mil).

Altai Resources Cash And Cash Equivalents Historical Data

The historical data trend for Altai Resources'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.

Altai Resources Cash And Cash Equivalents Chart

Altai Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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1.14

1.10

1.07

1.08

0.91

Altai Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.97	0.91	0.92	0.95	0.96

Altai Resources 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.

Altai Resources (OTCPK:ARSEF) 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.

Altai Resources Cash And Cash Equivalents Related Terms

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Altai Resources (Altai Resources) Business Description

Industry

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ATI:Canada

Address

895 Don Mills Road, Suite 900, Two Morneau Shepell Centre, Toronto, ON, CAN, M3C 1W3

Website

http://www.altairesources.com

Altai Resources Inc is a Canadian based resource company, with a diversified portfolio of natural gas, oil and gold properties in Canada. It is engaged in the exploration and development of mineral properties. The company's properties portfolio includes Sorel-Trois Riviere's natural gas property, Cessford oil field, and Malartic gold project.

Altai Resources (Altai Resources) Headlines

From GuruFocus

Altai Announces Election of The Board of Directors

By GlobeNewswire GlobeNewswire • 12-28-2022

Altai Announces Election of the Board of Directors

By GlobeNewswire GlobeNewswire • 09-27-2021

Altai Announces Election of the Board of Directors and Stock Option Grants

By GlobeNewswire GlobeNewswire • 08-30-2018