Wallbridge Mining Co (TSX:WM) Cash And Cash Equivalents : C$19.41 Mil (As of Sep. 2024)

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What is Wallbridge Mining Co Cash And Cash Equivalents?

Wallbridge Mining Co's quarterly cash and cash equivalents increased from Mar. 2024 (C$24.41 Mil) to Jun. 2024 (C$25.28 Mil) but then stayed the same from Jun. 2024 (C$25.28 Mil) to Sep. 2024 (C$19.41 Mil).

Wallbridge Mining Co's annual cash and cash equivalents declined from Dec. 2021 (C$38.94 Mil) to Dec. 2022 (C$23.66 Mil) but then increased from Dec. 2022 (C$23.66 Mil) to Dec. 2023 (C$29.83 Mil).

Wallbridge Mining Co Cash And Cash Equivalents Historical Data

The historical data trend for Wallbridge Mining Co'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.

Wallbridge Mining Co Cash And Cash Equivalents Chart

Wallbridge Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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57.09

85.05

38.94

23.66

29.83

Wallbridge Mining Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															27.12	29.83	24.41	25.28	19.41

Wallbridge Mining Co 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.

Wallbridge Mining Co (TSX:WM) 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.

Wallbridge Mining Co Cash And Cash Equivalents Related Terms

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Wallbridge Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wallbridge Mining Co Ltd (TSX:WM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

WLBMF:USA WC7:Germany WC7:Germany

Address

129 Fielding Road, Lively, Greater Sudbury, ON, CAN, P3Y 1L7

Website

https://www.wallbridgemining.com

Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel, and platinum group metals. The company owns Sudbury Projects, Quebec Projects, and Equity Investments. Wallbridge is engaged in creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.

Executives

Brian W. Penny	Senior Officer
Mary Irene Montgomery	Senior Officer
Attila Pentek	Senior Officer
Sean Duncanson Stokes	Senior Officer
Alar Soever	Director, Senior Officer
Faramarz Kord-gharachorloo	Senior Officer
William Warren Holmes	Director
Francois Alain Demers	Senior Officer
Shawn Day	Director
Michael Pesner	Director
Darryl Sittler	Director
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Darin Walter Wagner	Director, Senior Officer
Parviz Farsangi	Director