EREPF (Zonte Metals) Cash And Cash Equivalents : $0.20 Mil (As of Oct. 2024)

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What is Zonte Metals Cash And Cash Equivalents?

Zonte Metals's quarterly cash and cash equivalents increased from Apr. 2024 ($0.22 Mil) to Jul. 2024 ($0.41 Mil) but then stayed the same from Jul. 2024 ($0.41 Mil) to Oct. 2024 ($0.20 Mil).

Zonte Metals's annual cash and cash equivalents increased from Jan. 2022 ($0.14 Mil) to Jan. 2023 ($0.84 Mil) but then declined from Jan. 2023 ($0.84 Mil) to Jan. 2024 ($0.27 Mil).

Zonte Metals Cash And Cash Equivalents Historical Data

The historical data trend for Zonte 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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Zonte Metals Cash And Cash Equivalents Chart

Zonte Metals Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

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1.44

0.43

0.14

0.84

0.27

Zonte Metals Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.46	0.27	0.22	0.41	0.20

Zonte 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.

Zonte Metals (OTCPK:EREPF) 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.

Zonte Metals Cash And Cash Equivalents Related Terms

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Zonte Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

31E:Germany 31E:Germany ZON:Canada

Address

20 Fielding Avenue, Dartmouth, NS, CAN, B3B 1E1

Website

https://www.zontemetals.com

Zonte Metals Inc is a mineral exploration company engaged in locating and acquiring mineral projects and exploring for mineralization and has not yet determined whether its exploration and evaluation assets contain mineral reserves that are economically recoverable.