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Red Metal Resources's quarterly cash and cash equivalents increased from Oct. 2023 ($0.02 Mil) to Jan. 2024 ($0.02 Mil) but then stayed the same from Jan. 2024 ($0.02 Mil) to Apr. 2024 ($0.01 Mil).
Red Metal Resources's annual cash and cash equivalents declined from Jan. 2022 ($0.38 Mil) to Jan. 2023 ($0.02 Mil) but then increased from Jan. 2023 ($0.02 Mil) to Jan. 2024 ($0.02 Mil).
The historical data trend for Red Metal Resources'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.
Red Metal Resources Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 0.01 | 0.05 | 0.38 | 0.02 | 0.02 |
Red Metal Resources 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 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
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.
Red Metal Resources (OTCPK:RMESF) 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.
Thank you for viewing the detailed overview of Red Metal Resources's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Jeffs | 10 percent owner | FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL |
Caitlin Jeffs | director | 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9 |
Jeffrey Cocks | director | 118 8TH AVE. NW, CALGARY A0 T2M 0A4 |
Michael Thompson | director | 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9 |
Mcfarlane Cody Michael | director | PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000 |
Joao Dacosta | officer: Chief Financial Officer | #810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2 |
Susan Jeffs | 10 percent owner | 4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE |
Robert Andjelic | 10 percent owner | P.O. BOX 69, MILLARVILLE A0 1KO |
Laboa Holdings Inc. | 10 percent owner | SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000 |
Kevin Mitchell | 10 percent owner | ALONSO DE ERCILLA #733, VALLENAR F3 00000 |
Cicco John Di | director, 10 percent owner, officer: CEO, President, and CFO | 10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3 |
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