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EQMEF (Equity Metals) Cash And Cash Equivalents : $3.99 Mil (As of Feb. 2025)


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What is Equity Metals Cash And Cash Equivalents?

Equity Metals's quarterly cash and cash equivalents declined from Aug. 2024 ($3.66 Mil) to Nov. 2024 ($3.26 Mil) but then increased from Nov. 2024 ($3.26 Mil) to Feb. 2025 ($3.99 Mil).

Equity Metals's annual cash and cash equivalents increased from Aug. 2022 ($0.39 Mil) to Aug. 2023 ($2.19 Mil) and increased from Aug. 2023 ($2.19 Mil) to Aug. 2024 ($3.66 Mil).

Equity Metals Cash And Cash Equivalents Historical Data

The historical data trend for Equity 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.

Equity Metals Cash And Cash Equivalents Chart

Equity Metals Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 1.42 0.39 2.19 3.66

Equity Metals Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.43 2.37 3.66 3.26 3.99

Equity 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.

Equity Metals  (OTCPK:EQMEF) 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.

Equity Metals Cash And Cash Equivalents Related Terms

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Equity Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equity Metals Corp (OTCPK:EQMEF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
EGSD:Germany EQTY:Canada
Address
1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Website
https://www.equitymetalscorporation.com
Equity Metals Corp is engaged in the acquisition, exploration, and development of mineral and diamond properties in British Columbia, Saskatchewan, and the Northwest Territories. It explores diamond, silver, and gold ores. The firm focuses on the exploration of diamonds on the Monument Property at Lac de Gras and gold and silver at the Silver Queen mine property and also has interests in the WO and La Ronge Silica projects.