Tombstone Exploration (Tombstone Exploration) Cash And Cash Equivalents : $0.17 Mil (As of Dec. 2021)

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What is Tombstone Exploration Cash And Cash Equivalents?

Tombstone Exploration's quarterly cash and cash equivalents declined from Dec. 2019 ($0.47 Mil) to Dec. 2020 ($0.18 Mil) but then stayed the same from Dec. 2020 ($0.18 Mil) to Dec. 2021 ($0.17 Mil).

Tombstone Exploration's annual cash and cash equivalents declined from Dec. 2019 ($0.47 Mil) to Dec. 2020 ($0.18 Mil) and declined from Dec. 2020 ($0.18 Mil) to Dec. 2021 ($0.17 Mil).

Tombstone Exploration Cash And Cash Equivalents Historical Data

The historical data trend for Tombstone Exploration'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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Tombstone Exploration Cash And Cash Equivalents Chart

Tombstone Exploration Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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0.05

0.04

0.47

0.18

0.17

Tombstone Exploration Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.05	0.04	0.47	0.18	0.17

Tombstone Exploration 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.

Tombstone Exploration (OTCPK:TMBXF) 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.

Tombstone Exploration Cash And Cash Equivalents Related Terms

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Tombstone Exploration (Tombstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tombstone Exploration Corp (OTCPK:TMBXF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

6529 E. Friess Drive, Scottsdale, AZ, USA, 85254

Website

https://www.tombstonemining.com

Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.