Silvernds Resources (Silvernds Resources) Cash And Cash Equivalents : $0.09 Mil (As of Jan. 2024)

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What is Silvernds Resources Cash And Cash Equivalents?

Silvernds Resources's quarterly cash and cash equivalents declined from Jul. 2023 ($0.19 Mil) to Oct. 2023 ($0.12 Mil) but then stayed the same from Oct. 2023 ($0.12 Mil) to Jan. 2024 ($0.09 Mil).

Silvernds Resources's annual cash and cash equivalents increased from Jan. 2022 ($0.21 Mil) to Jan. 2023 ($0.33 Mil) but then declined from Jan. 2023 ($0.33 Mil) to Jan. 2024 ($0.09 Mil).

Silvernds Resources Cash And Cash Equivalents Historical Data

The historical data trend for Silvernds 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.

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Silvernds Resources Cash And Cash Equivalents Chart

Silvernds Resources Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

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0.08

1.81

0.21

0.33

0.09

Silvernds Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.33	0.25	0.19	0.12	0.09

Silvernds 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.

Silvernds Resources (OTCPK:SSRSF) 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.

Silvernds Resources Cash And Cash Equivalents Related Terms

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Silvernds Resources (Silvernds Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Sands Resources Corp (OTCPK:SSRSF) » Definitions » Cash And Cash Equivalents

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SAND:Canada

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.silversandscorp.com

Silver Sands Resources Corp is a mining company. The Company's business activities include the acquisition and exploration of mineral property assets. The Virginia silver project is located in the southern region of Argentina known as Patagonia, in the mining-friendly and resource-rich province of Santa Cruz. The company's other projects include The Detour project is located in the Detour Greenstone Belt; and its Maple Bay property.

Silvernds Resources (Silvernds Resources) Headlines

From GuruFocus

Golden Opportunity Resources Signs Option to Purchase Agreement for Detour Lake Property

By [email protected] [email protected] • 02-05-2020