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KSSRF (Kesselrun Resources) Cash And Cash Equivalents : $0.41 Mil (As of Jul. 2024)


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What is Kesselrun Resources Cash And Cash Equivalents?

Kesselrun Resources's quarterly cash and cash equivalents increased from Jan. 2024 ($0.33 Mil) to Apr. 2024 ($0.42 Mil) but then stayed the same from Apr. 2024 ($0.42 Mil) to Jul. 2024 ($0.41 Mil).

Kesselrun Resources's annual cash and cash equivalents declined from Jul. 2022 ($1.26 Mil) to Jul. 2023 ($0.33 Mil) but then increased from Jul. 2023 ($0.33 Mil) to Jul. 2024 ($0.41 Mil).

Kesselrun Resources Cash And Cash Equivalents Historical Data

The historical data trend for Kesselrun Resources'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.

Kesselrun Resources Cash And Cash Equivalents Chart

Kesselrun Resources Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 2.46 1.26 0.33 0.41

Kesselrun Resources Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.33 0.35 0.33 0.42 0.41

Kesselrun Resources 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.

Kesselrun Resources  (OTCPK:KSSRF) 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.

Kesselrun Resources Cash And Cash Equivalents Related Terms

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Kesselrun Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kesselrun Resources Ltd (OTCPK:KSSRF) » Definitions » Cash And Cash Equivalents
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Address
278 Bay Street, Suite 102, Thunder Bay, ON, CAN, P7B 1R8
Website
https://www.kesselrunresources.com
Kesselrun Resources Ltd is engaged in the acquisition, exploration, and development of mineral properties. Its principal focus is its Bluffpoint property located in Bluffpoint Lake Township, with portions extending into the townships of Lawrence Lake, Napanee Lake, and Barker Bay in the Kenora Mining Division of Northwestern Ontario. It also holds an interest in the Huronian Property, which is located in Moss Township, Thunder Bay Mining Division, Ontario. the Huronian property is wholly owned by the company and provides gold trends and other materials.