Borealis Mining Co (TSXV:BOGO) Cash And Cash Equivalents : C$0.52 Mil (As of Oct. 2024)

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What is Borealis Mining Co Cash And Cash Equivalents?

Borealis Mining Co's quarterly cash and cash equivalents declined from Apr. 2024 (C$6.76 Mil) to Jul. 2024 (C$3.61 Mil) but then stayed the same from Jul. 2024 (C$3.61 Mil) to Oct. 2024 (C$0.52 Mil).

Borealis Mining Co's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Jul. 2023 (C$1.36 Mil) and increased from Jul. 2023 (C$1.36 Mil) to Jul. 2024 (C$3.61 Mil).

Borealis Mining Co Cash And Cash Equivalents Historical Data

The historical data trend for Borealis 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.

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Borealis Mining Co Cash And Cash Equivalents Chart

Borealis Mining Co Annual Data

Trend

Jul23

Jul24

Cash And Cash Equivalents

1.36

3.61

Borealis Mining Co Quarterly Data
	Apr23	Jul23	Oct23	Apr24	Jul24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.36	-	6.76	3.61	0.52

Borealis 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.

Borealis Mining Co (TSXV:BOGO) 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.

Borealis Mining Co Cash And Cash Equivalents Related Terms

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Borealis Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Borealis Mining Co Ltd (TSXV:BOGO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

L4B0:Germany

Address

410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3

Website

https://www.borealismining.com

Borealis Mining Co Ltd is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties. The company's principal project is the Borealis Project which is a fully permitted silver-gold mine, absorption, desorption, and refining plant, located near Hawthorne, Nevada.

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