Canterra Minerals (Canterra Minerals) Cash And Cash Equivalents : $1.36 Mil (As of Dec. 2023)

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What is Canterra Minerals Cash And Cash Equivalents?

Canterra Minerals's quarterly cash and cash equivalents declined from Jun. 2023 ($0.60 Mil) to Sep. 2023 ($0.48 Mil) but then increased from Sep. 2023 ($0.48 Mil) to Dec. 2023 ($1.36 Mil).

Canterra Minerals's annual cash and cash equivalents declined from Dec. 2021 ($2.39 Mil) to Dec. 2022 ($0.48 Mil) but then increased from Dec. 2022 ($0.48 Mil) to Dec. 2023 ($1.36 Mil).

Canterra Minerals Cash And Cash Equivalents Historical Data

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

Canterra Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.01

3.01

2.39

0.48

1.36

Canterra Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.48	0.24	0.60	0.48	1.36

Canterra 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.

Canterra Minerals (OTCPK:CTMCF) 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.

Canterra Minerals Cash And Cash Equivalents Related Terms

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Canterra Minerals (Canterra Minerals) Business Description

Industry

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

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CTM:Canada

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

https://www.canterraminerals.com

Canterra Minerals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The group primarily specializes in diamond exploration within the Northwest Territories. It holds an interest in projects and properties such as Wilding Lake Project, Marlin and Rex in the Northwest Territories, and Buffalo Hills in Alberta. It has one reportable operating segment, being the acquisition, exploration, and evaluation of mineral properties in Canada.

Canterra Minerals (Canterra Minerals) Headlines

From GuruFocus

Canterra Extends Warrants

By GlobeNewswire GlobeNewswire • 07-06-2018

Canterra Minerals Announces Closing of $3.9M Financing and Acquisition of the Wilding Lake Gold Project, Newfoundland

By GlobeNewswire GlobeNewswire • 12-17-2020

Canterra Minerals Corporation to Present at the Metals and Mining Virtual Investor Conference July 26th

By Marketwired • 07-25-2023

Canterra Completes Debt Settlement

By GlobeNewswire GlobeNewswire • 10-04-2018