Azincourt Energy (Azincourt Energy) Cash And Cash Equivalents : $2.71 Mil (As of Dec. 2023)

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What is Azincourt Energy Cash And Cash Equivalents?

Azincourt Energy's quarterly cash and cash equivalents increased from Jun. 2023 ($2.12 Mil) to Sep. 2023 ($2.13 Mil) and increased from Sep. 2023 ($2.13 Mil) to Dec. 2023 ($2.71 Mil).

Azincourt Energy's annual cash and cash equivalents declined from Sep. 2021 ($8.27 Mil) to Sep. 2022 ($5.23 Mil) and declined from Sep. 2022 ($5.23 Mil) to Sep. 2023 ($2.13 Mil).

Azincourt Energy Cash And Cash Equivalents Historical Data

The historical data trend for Azincourt Energy'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.

Azincourt Energy Cash And Cash Equivalents Chart

Azincourt Energy Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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1.14

0.55

8.27

5.23

2.13

Azincourt Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															3.52	1.97	2.12	2.13	2.71

Azincourt Energy 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.

Azincourt Energy (OTCPK:AZURF) 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.

Azincourt Energy Cash And Cash Equivalents Related Terms

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Azincourt Energy (Azincourt Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Azincourt Energy Corp (OTCPK:AZURF) » Definitions » Cash And Cash Equivalents

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A0U:Germany AAZ:Canada

Address

800 West Pender Street, Suite1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.azincourtenergy.com

Azincourt Energy Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company's projects include East Preston Project, Hatchet lake uranium project, Escalera-Lituania-Condorlit Projects.

Azincourt Energy (Azincourt Energy) Headlines

From GuruFocus

Uranium Explorer Azincourt Energy to Host Live Investor Webinar Tomorrow, Thursday, October 21st at 2PM ET

By Marketwired Marketwired • 10-20-2021

Azincourt Energy Announces Private Placement

By GlobeNewswire GlobeNewswire • 02-13-2019

Azincourt Energy Corp. Closes First Tranche of Private Placement

By GlobeNewswire • 12-22-2023

Azincourt Energy Corp. Closes Second Tranche of Private Placement

By GlobeNewswire • 12-29-2023

Azincourt Energy Announces Flow-Through Offering

By GlobeNewswire GlobeNewswire • 01-07-2021

Uranium Explorer Azincourt Energy to Host Live Investor Webinar Tomorrow, Thursday, October 21st at 2PM ET

By GlobeNewswire GlobeNewswire • 10-20-2021