Nexus Uranium (STU:3H1) Cash And Cash Equivalents : €0.77 Mil (As of Feb. 2024)

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What is Nexus Uranium Cash And Cash Equivalents?

Nexus Uranium's quarterly cash and cash equivalents declined from Aug. 2023 (€0.99 Mil) to Nov. 2023 (€0.84 Mil) but then stayed the same from Nov. 2023 (€0.84 Mil) to Feb. 2024 (€0.77 Mil).

Nexus Uranium's annual cash and cash equivalents declined from Nov. 2021 (€0.96 Mil) to Nov. 2022 (€0.49 Mil) but then increased from Nov. 2022 (€0.49 Mil) to Nov. 2023 (€0.84 Mil).

Nexus Uranium Cash And Cash Equivalents Historical Data

The historical data trend for Nexus Uranium'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.

Nexus Uranium Cash And Cash Equivalents Chart

Nexus Uranium Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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0.33

1.87

0.96

0.49

0.84

Nexus Uranium Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.52	1.12	0.99	0.84	0.77

Nexus Uranium 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.

Nexus Uranium (STU:3H1) 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.

Nexus Uranium Cash And Cash Equivalents Related Terms

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Nexus Uranium (STU:3H1) Business Description

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GIDMF:USA NEXU:Canada

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.nexusuranium.com

Nexus Uranium Corp is a multi-commodity development company focused on advancing the Wray Mesa uranium-vanadium project in Utah in addition to its precious metals portfolio that includes the development-stage Independence mine located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in Nevada, the Napoleon gold project in British Columbia, and a package of gold claims in the Yukon.

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