DNN (Denison Mines) Cash And Cash Equivalents : $76.17 Mil (As of Dec. 2024)

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What is Denison Mines Cash And Cash Equivalents?

Denison Mines's quarterly cash and cash equivalents declined from Jun. 2024 ($88.34 Mil) to Sep. 2024 ($78.20 Mil) but then stayed the same from Sep. 2024 ($78.20 Mil) to Dec. 2024 ($76.17 Mil).

Denison Mines's annual cash and cash equivalents increased from Dec. 2022 ($37.48 Mil) to Dec. 2023 ($97.69 Mil) but then declined from Dec. 2023 ($97.69 Mil) to Dec. 2024 ($76.17 Mil).

Denison Mines Cash And Cash Equivalents Historical Data

The historical data trend for Denison Mines'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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Denison Mines Cash And Cash Equivalents Chart

Denison Mines Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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19.51

50.00

37.48

97.69

76.17

Denison Mines Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															97.69	88.87	88.34	78.20	76.17

Denison Mines 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.

Denison Mines (AMEX:DNN) 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.

Denison Mines Cash And Cash Equivalents Related Terms

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Denison Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Denison Mines Corp (AMEX:DNN) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

0URY:UK IUQ:Germany IUQ:Germany DML:Canada

Address

40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1

Website

https://www.denisonmines.com

Denison Mines Corp is a uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The company holds a noteworthy 95% interest in its flagship Wheeler River Uranium Project, the undeveloped uranium project located in the infrastructure-rich eastern part of the Athabasca Basin. Additionally, it is involved in mine decommissioning and environmental services through its Closed Mines group, which manages the Elliot Lake reclamation projects and offers third-party post-closure mine care and maintenance services. The Company operates in two main segments: the Mining segment and the Corporate and Other segment. The majority of revenue is generated from the mining segment.