Benz Mining (TSXV:BZ) Cash And Cash Equivalents : C$3.10 Mil (As of Jul. 2024)

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What is Benz Mining Cash And Cash Equivalents?

Benz Mining's quarterly cash and cash equivalents declined from Jan. 2024 (C$5.17 Mil) to Apr. 2024 (C$3.02 Mil) but then increased from Apr. 2024 (C$3.02 Mil) to Jul. 2024 (C$3.10 Mil).

Benz Mining's annual cash and cash equivalents increased from Apr. 2022 (C$2.78 Mil) to Apr. 2023 (C$10.13 Mil) but then declined from Apr. 2023 (C$10.13 Mil) to Apr. 2024 (C$3.02 Mil).

Benz Mining Cash And Cash Equivalents Historical Data

The historical data trend for Benz 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.

* Premium members only.

Benz Mining Cash And Cash Equivalents Chart

Benz Mining Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash And Cash Equivalents

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2.35

13.15

2.78

10.13

3.02

Benz Mining Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash And Cash Equivalents	Get a 7-Day Free Trial															9.85	5.62	5.17	3.02	3.10

Benz 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.

Benz Mining (TSXV:BZ) 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.

Benz Mining Cash And Cash Equivalents Related Terms

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Benz Mining Business Description

Industry

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BENZF:USA 1VU:Germany BNZ:Australia

Address

Bentall Four 1055 Dunsmuir Street, Suite 3000, Vancouver, BC, CAN, V6E 2E9

Website

https://www.benzmining.com

Benz Mining Corp is a Canada-based gold exploration company. The company is engaged in the acquisition, exploration, and exploitation of mineral properties in the Americas. It acquires 100% of the Eastmain Gold Mine Project, a resource stage Au-Ag-Cu deposit in the James Bay Region, Quebec.

Executives