M3 Metals (M3 Metals) Cash And Cash Equivalents : $0.72 Mil (As of Nov. 2023)

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What is M3 Metals Cash And Cash Equivalents?

M3 Metals's quarterly cash and cash equivalents declined from May. 2023 ($0.62 Mil) to Aug. 2023 ($0.52 Mil) but then increased from Aug. 2023 ($0.52 Mil) to Nov. 2023 ($0.72 Mil).

M3 Metals's annual cash and cash equivalents increased from Aug. 2021 ($0.10 Mil) to Aug. 2022 ($0.60 Mil) but then declined from Aug. 2022 ($0.60 Mil) to Aug. 2023 ($0.52 Mil).

M3 Metals Cash And Cash Equivalents Historical Data

The historical data trend for M3 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.

* Premium members only.

M3 Metals Cash And Cash Equivalents Chart

M3 Metals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

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0.87

0.06

0.10

0.60

0.52

M3 Metals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.47	1.25	0.62	0.52	0.72

M3 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.

M3 Metals (OTCPK:MLGCF) 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.

M3 Metals Cash And Cash Equivalents Related Terms

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M3 Metals (M3 Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M3 Metals Corp (OTCPK:MLGCF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

X0V:Germany MT:Canada

Address

1455 Bellevue Avenue, Suite 300, Vancouver, BC, CAN, V7T 1C3

Website

https://www.m3metalscorp.com

M3 Metals Corp is a Canadian listed company. The company's business is to acquire, explore, and develop interests in mineral properties located in North America. Its only operating segment, being the acquisition and exploration of assets. The company's projects include Texas Spring project, G-South property and Lakshmi-Daggett Ridge project.

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