Denarius Metals (Denarius Metals) Cash And Cash Equivalents : $7.63 Mil (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Denarius Metals Cash And Cash Equivalents?

Denarius Metals's quarterly cash and cash equivalents declined from Jun. 2023 ($5.29 Mil) to Sep. 2023 ($1.48 Mil) but then increased from Sep. 2023 ($1.48 Mil) to Dec. 2023 ($7.63 Mil).

Denarius Metals's annual cash and cash equivalents declined from Dec. 2021 ($14.82 Mil) to Dec. 2022 ($1.39 Mil) but then increased from Dec. 2022 ($1.39 Mil) to Dec. 2023 ($7.63 Mil).

Denarius Metals Cash And Cash Equivalents Historical Data

The historical data trend for Denarius Metals'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.

Denarius Metals Cash And Cash Equivalents Chart

Denarius Metals Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

14.82

1.39

7.63

Denarius Metals Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial									1.39	5.82	5.29	1.48	7.63

Denarius Metals 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.

Denarius Metals (OTCPK:DNRSF) 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.

Denarius Metals Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Denarius Metals's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Denarius Metals (Denarius Metals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T7C:Germany DSLV:Canada

Address

401 Bay Street, Suite 2400, PO Box 15, Toronto, ON, CAN, M5H 2Y4

Website

https://www.denariusmetals.com

Denarius Metals Corp is engaged in the acquisition, exploration, development, and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.