East Africa Metals (East Africa Metals) Cash And Cash Equivalents : $0.02 Mil (As of Dec. 2023)

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What is East Africa Metals Cash And Cash Equivalents?

East Africa Metals's quarterly cash and cash equivalents declined from Jun. 2023 ($0.13 Mil) to Sep. 2023 ($0.01 Mil) but then increased from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.02 Mil).

East Africa Metals's annual cash and cash equivalents increased from Dec. 2019 ($0.08 Mil) to Dec. 2020 ($0.14 Mil) and increased from Dec. 2020 ($0.14 Mil) to Dec. 2021 ($1.75 Mil).

East Africa Metals Cash And Cash Equivalents Historical Data

The historical data trend for East Africa 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.

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East Africa Metals Cash And Cash Equivalents Chart

East Africa Metals Annual Data

Trend

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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1.78

0.05

0.08

0.14

1.75

East Africa Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.93	-	0.13	0.01	0.02

East Africa 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.

East Africa Metals (OTCPK:EFRMF) 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.

East Africa Metals Cash And Cash Equivalents Related Terms

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East Africa Metals (East Africa Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Africa Metals Inc (OTCPK:EFRMF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EA1:Germany EAM:Canada

Address

777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.eastafricametals.com

East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and/or sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.