NWXPF (Newport Exploration) Cash And Cash Equivalents : $0.65 Mil (As of Apr. 2024)

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What is Newport Exploration Cash And Cash Equivalents?

Newport Exploration's quarterly cash and cash equivalents declined from Oct. 2023 ($0.45 Mil) to Jan. 2024 ($0.14 Mil) but then increased from Jan. 2024 ($0.14 Mil) to Apr. 2024 ($0.65 Mil).

Newport Exploration's annual cash and cash equivalents declined from Jul. 2021 ($2.28 Mil) to Jul. 2022 ($0.56 Mil) but then increased from Jul. 2022 ($0.56 Mil) to Jul. 2023 ($0.95 Mil).

Newport Exploration Cash And Cash Equivalents Historical Data

The historical data trend for Newport Exploration'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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Newport Exploration Cash And Cash Equivalents Chart

Newport Exploration Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash And Cash Equivalents

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2.26

3.55

2.28

0.56

0.95

Newport Exploration Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.68	0.95	0.45	0.14	0.65

Newport Exploration 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.

Newport Exploration (OTCPK:NWXPF) 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.

Newport Exploration Cash And Cash Equivalents Related Terms

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Newport Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newport Exploration Ltd (OTCPK:NWXPF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

1XX:Germany NWX:Canada

Address

2168 Marine Drive, Suite 202, Vancouver, BC, CAN, V7V 1K3

Website

https://www.newport-exploration.com

Newport Exploration Ltd is an exploration stage company. It is engaged in the acquisition and exploration of resource properties. Its projects include Cooper Basin in Australia and Chu Chua property in Canada. Newport has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. Its Cooper Basin project includes EX-PEL 91 OIL and EX-PEL'S 632, 106, and PPL 239-WET GAS, which is located on Western Wet Gas Fairway, Cooper Basin.