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Spearmint Resources (Spearmint Resources) Cash And Cash Equivalents : $0.40 Mil (As of Oct. 2023)


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What is Spearmint Resources Cash And Cash Equivalents?

Spearmint Resources's quarterly cash and cash equivalents declined from Apr. 2023 ($0.63 Mil) to Jul. 2023 ($0.55 Mil) but then stayed the same from Jul. 2023 ($0.55 Mil) to Oct. 2023 ($0.40 Mil).

Spearmint Resources's annual cash and cash equivalents increased from Jan. 2021 ($1.54 Mil) to Jan. 2022 ($1.85 Mil) but then declined from Jan. 2022 ($1.85 Mil) to Jan. 2023 ($0.70 Mil).

Spearmint Resources Cash And Cash Equivalents Historical Data

The historical data trend for Spearmint 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.

* Premium members only.

Spearmint Resources Cash And Cash Equivalents Chart

Spearmint Resources Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.12 1.54 1.85 0.70

Spearmint Resources Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.70 0.63 0.55 0.40

Spearmint Resources 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.

Spearmint Resources  (OTCPK:SPMTF) 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.

Spearmint Resources Cash And Cash Equivalents Related Terms

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Spearmint Resources (Spearmint Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spearmint Resources Inc (OTCPK:SPMTF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
SQH:Germany SPMT:Canada
Address
700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y 1K8
Website
https://www.spearmintresources.ca
Spearmint Resources Inc is an exploration stage public company. Its business activities include acquiring and exploring exploration and evaluation assets. Geographically, the group has a business presence in Canada and the United States. Some of the company's projects are Chibougamau Vanadium Prospects, EL North Nickel-Copper Prospects, NEBA Copper-Gold Prospects, QC Chibougamau Vanadium Prospects - Staking, QC Perron-East Gold Prospects - Staking, Nevada Elon and McGee Properties, Nevada Green Clay Lithium Project, NL Goose Gold Property, ON Escape Lake North PGM Project, BC EL North Nickel-Copper Prospects, BC NEBA Copper-Gold Prospects, BC Safari Copper-Gold Property and BC Hammernose Gold Property.