PolyMet Mining (TSX:POM) Cash And Cash Equivalents : C$18.72 Mil (As of Jun. 2023)

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What is PolyMet Mining Cash And Cash Equivalents?

PolyMet Mining's quarterly cash and cash equivalents declined from Dec. 2022 (C$15.01 Mil) to Mar. 2023 (C$13.48 Mil) but then increased from Mar. 2023 (C$13.48 Mil) to Jun. 2023 (C$18.72 Mil).

PolyMet Mining's annual cash and cash equivalents declined from Dec. 2020 (C$4.55 Mil) to Dec. 2021 (C$3.79 Mil) but then increased from Dec. 2021 (C$3.79 Mil) to Dec. 2022 (C$15.01 Mil).

PolyMet Mining Cash And Cash Equivalents Historical Data

The historical data trend for PolyMet Mining'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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PolyMet Mining Cash And Cash Equivalents Chart

PolyMet Mining Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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18.62

9.75

4.55

3.79

15.01

PolyMet Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															9.83	11.48	15.01	13.48	18.72

PolyMet Mining 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.

PolyMet Mining (TSX:POM) 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.

PolyMet Mining Cash And Cash Equivalents Related Terms

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PolyMet Mining (TSX:POM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PolyMet Mining Corp (TSX:POM) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

444 Cedar Street, Suite 2060, St. Paul, MN, USA, 55101

Website

https://www.polymetmining.com

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The NorthMet Project comprises two key elements: the NorthMet deposit (or Mine Site) and the Erie Plant. The company ultimately plans to produce metals such as copper, nickel, cobalt, gold, silver, and platinum.