NCPCF (Nickel Creek Platinum) Cash And Cash Equivalents : $0.35 Mil (As of Dec. 2024)

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What is Nickel Creek Platinum Cash And Cash Equivalents?

Nickel Creek Platinum's quarterly cash and cash equivalents increased from Jun. 2024 ($0.30 Mil) to Sep. 2024 ($0.51 Mil) but then stayed the same from Sep. 2024 ($0.51 Mil) to Dec. 2024 ($0.35 Mil).

Nickel Creek Platinum's annual cash and cash equivalents declined from Dec. 2022 ($1.34 Mil) to Dec. 2023 ($0.35 Mil) and declined from Dec. 2023 ($0.35 Mil) to Dec. 2024 ($0.35 Mil).

Nickel Creek Platinum Cash And Cash Equivalents Historical Data

The historical data trend for Nickel Creek Platinum'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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Nickel Creek Platinum Cash And Cash Equivalents Chart

Nickel Creek Platinum Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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1.14

1.72

1.34

0.35

Nickel Creek Platinum 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															0.35	0.49	0.30	0.51	0.35

Nickel Creek Platinum 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.

Nickel Creek Platinum (OTCPK:NCPCF) 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.

Nickel Creek Platinum Cash And Cash Equivalents Related Terms

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Nickel Creek Platinum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Creek Platinum Corp (OTCPK:NCPCF) » Definitions » Cash And Cash Equivalents

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NCP:Canada

Address

2896 South Sheridan Way, Suite 202, Oakville, ON, CAN, L6J 7T4

Website

https://www.nickelcreekplatinum.com

Nickel Creek Platinum Corp is a Canadian involved in mining exploration, evaluation, and development of platinum group metal and nickel mineral properties. The company is focused on advancing its 100% owned Nickel Shaw project with a view to creating Canada's next world-class nickel sulphide mine. The project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.