MGX Minerals (MGX Minerals) Cash And Cash Equivalents : $0.01 Mil (As of Apr. 2021)

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What is MGX Minerals Cash And Cash Equivalents?

MGX Minerals's quarterly cash and cash equivalents declined from Oct. 2020 ($0.08 Mil) to Jan. 2021 ($0.00 Mil) but then increased from Jan. 2021 ($0.00 Mil) to Apr. 2021 ($0.01 Mil).

MGX Minerals's annual cash and cash equivalents declined from Jul. 2018 ($5.04 Mil) to Jul. 2019 ($0.12 Mil) but then increased from Jul. 2019 ($0.12 Mil) to Jul. 2020 ($0.46 Mil).

MGX Minerals Cash And Cash Equivalents Historical Data

The historical data trend for MGX 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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MGX Minerals Cash And Cash Equivalents Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Cash And Cash Equivalents

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0.02

2.28

5.04

0.12

0.46

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.31	0.46	0.08	-	0.01

MGX 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.

MGX Minerals (OTCPK:MGXMF) 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.

MGX Minerals Cash And Cash Equivalents Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

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

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.