Sociedad Minera Corona (LIM:MINCORC1) Cash And Cash Equivalents : S/.7.7 Mil (As of Dec. 2022)

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What is Sociedad Minera Corona Cash And Cash Equivalents?

Sociedad Minera Corona's quarterly cash and cash equivalents declined from Dec. 2021 (S/.122.74 Mil) to Mar. 2022 (S/.63.63 Mil) but then stayed the same from Mar. 2022 (S/.63.63 Mil) to Dec. 2022 (S/.7.71 Mil).

Sociedad Minera Corona's annual cash and cash equivalents declined from Dec. 2021 (S/.122.74 Mil) to Dec. 2022 (S/.7.71 Mil) but then increased from Dec. 2022 (S/.7.71 Mil) to Dec. 2023 (S/.30.54 Mil).

Sociedad Minera Corona Cash And Cash Equivalents Historical Data

The historical data trend for Sociedad Minera Corona'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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Sociedad Minera Corona Cash And Cash Equivalents Chart

Sociedad Minera Corona Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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130.71

242.82

122.74

7.71

30.54

Sociedad Minera Corona Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															164.62	122.74	63.63	7.71	30.54

Sociedad Minera Corona 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.

Sociedad Minera Corona (LIM:MINCORC1) 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.

Sociedad Minera Corona Cash And Cash Equivalents Related Terms

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Sociedad Minera Corona (LIM:MINCORC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Corona SA (LIM:MINCORC1) » Definitions » Cash And Cash Equivalents

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MINCORI1:Peru

Address

Av. Pedro de Osma Nro. 450, Barranco, Lima, PER

Website

http://www.mineracorona.com.pe

Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.

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