NVSGF (Nevada Sunrise Metals) Cash And Cash Equivalents : $0.39 Mil (As of Dec. 2024)

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What is Nevada Sunrise Metals Cash And Cash Equivalents?

Nevada Sunrise Metals's quarterly cash and cash equivalents increased from Mar. 2024 ($0.10 Mil) to Sep. 2024 ($0.21 Mil) and increased from Sep. 2024 ($0.21 Mil) to Dec. 2024 ($0.39 Mil).

Nevada Sunrise Metals's annual cash and cash equivalents declined from Sep. 2022 ($1.54 Mil) to Sep. 2023 ($0.16 Mil) but then increased from Sep. 2023 ($0.16 Mil) to Sep. 2024 ($0.21 Mil).

Nevada Sunrise Metals Cash And Cash Equivalents Historical Data

The historical data trend for Nevada Sunrise 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.

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Nevada Sunrise Metals Cash And Cash Equivalents Chart

Nevada Sunrise Metals Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash And Cash Equivalents

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0.89

0.06

1.54

0.16

0.21

Nevada Sunrise Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.16	0.23	0.10	0.21	0.39

Nevada Sunrise 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.

Nevada Sunrise Metals (OTCPK:NVSGF) 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.

Nevada Sunrise Metals Cash And Cash Equivalents Related Terms

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Nevada Sunrise Metals Business Description

Industry

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

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Traded in Other Exchanges

K4L:Germany NEV:Canada

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.nevadasunrise.ca

Nevada Sunrise Metals Corp is engaged in the acquisition, exploration and evaluation of its mineral property assets located in the State of Nevada, the United States of America. Some of its projects include Gemini, Badlands, Jackson Wash, Coronado and Pelican.