GMVMF (GMV Minerals) Cash And Cash Equivalents : $0.14 Mil (As of Dec. 2024)

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What is GMV Minerals Cash And Cash Equivalents?

GMV Minerals's quarterly cash and cash equivalents declined from Jun. 2024 ($0.59 Mil) to Sep. 2024 ($0.43 Mil) but then stayed the same from Sep. 2024 ($0.43 Mil) to Dec. 2024 ($0.14 Mil).

GMV Minerals's annual cash and cash equivalents increased from Jun. 2022 ($0.32 Mil) to Jun. 2023 ($0.85 Mil) but then declined from Jun. 2023 ($0.85 Mil) to Jun. 2024 ($0.59 Mil).

GMV Minerals Cash And Cash Equivalents Historical Data

The historical data trend for GMV Minerals'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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GMV Minerals Cash And Cash Equivalents Chart

GMV Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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0.29

1.02

0.32

0.85

0.59

GMV Minerals 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															0.38	0.28	0.59	0.43	0.14

GMV Minerals 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.

GMV Minerals (OTCPK:GMVMF) 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.

GMV Minerals Cash And Cash Equivalents Related Terms

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GMV Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

G3MN:Germany GMV:Canada

Address

1090 West Georgia Street, Suite 1050, Vancouver, BC, CAN, V6E 3V7

Website

https://www.gmvminerals.com

GMV Minerals Inc is an exploration stage and its principal business activity is the sourcing and exploration of mineral properties. The company is in the process of exploring its principal mineral properties in southeast Arizona and north central Nevada. It holds an interest in the Mexican Hat project, in Arizona, and the Daisy Creek Lithium project in Nevada. The company has one operating segment: mineral exploration. GMV Minerals operates in one geographical segment, the United States of America.