Angel Wing Metals (TSXV:AWM) Cash And Cash Equivalents : C$2.26 Mil (As of Dec. 2024)

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What is Angel Wing Metals Cash And Cash Equivalents?

Angel Wing Metals's quarterly cash and cash equivalents declined from Jun. 2024 (C$1.29 Mil) to Sep. 2024 (C$0.73 Mil) but then increased from Sep. 2024 (C$0.73 Mil) to Dec. 2024 (C$2.26 Mil).

Angel Wing Metals's annual cash and cash equivalents increased from Dec. 2022 (C$0.27 Mil) to Dec. 2023 (C$2.21 Mil) and increased from Dec. 2023 (C$2.21 Mil) to Dec. 2024 (C$2.26 Mil).

Angel Wing Metals Cash And Cash Equivalents Historical Data

The historical data trend for Angel Wing Metals'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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Angel Wing Metals Cash And Cash Equivalents Chart

Angel Wing Metals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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1.14

5.76

0.27

2.21

2.26

Angel Wing Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.21	1.78	1.29	0.73	2.26

Angel Wing Metals 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.

Angel Wing Metals (TSXV:AWM) 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.

Angel Wing Metals Cash And Cash Equivalents Related Terms

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Angel Wing Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angel Wing Metals Inc (TSXV:AWM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

82 Richmond Street East, Suite 1000, Toronto, ON, CAN, M5C 1P1

Website

https://www.angelwingmetals.com

Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties. The company's flagship La Reyna Project covers over various square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and is demonstrating gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman Lake, and the Quartz Lake Project is located east of the prolific Red Lake district and exhibits many similar geological features to other exploration plays in the region. The company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.

Executives

Mark Davis Santarossa	Director
Marc Sontrop	Director
Calvin Clovis Everett	Director

Angel Wing Metals Headlines

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