Electric Royalties (TSXV:ELEC) Cash And Cash Equivalents : C$0.17 Mil (As of Mar. 2024)

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What is Electric Royalties Cash And Cash Equivalents?

Electric Royalties's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.19 Mil) to Dec. 2023 (C$0.44 Mil) but then stayed the same from Dec. 2023 (C$0.44 Mil) to Mar. 2024 (C$0.17 Mil).

Electric Royalties's annual cash and cash equivalents declined from Dec. 2021 (C$2.10 Mil) to Dec. 2022 (C$1.24 Mil) and declined from Dec. 2022 (C$1.24 Mil) to Dec. 2023 (C$0.44 Mil).

Electric Royalties Cash And Cash Equivalents Historical Data

The historical data trend for Electric Royalties'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.

Electric Royalties Cash And Cash Equivalents Chart

Electric Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.10

2.59

2.10

1.24

0.44

Electric Royalties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial														1.24	0.78	0.19	0.44	0.17

Electric Royalties 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.

Electric Royalties (TSXV:ELEC) 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.

Electric Royalties Cash And Cash Equivalents Related Terms

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Electric Royalties (TSXV:ELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (TSXV:ELEC) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

ELECF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper that will benefit from the drive toward electrification of a variety of consumer products such as cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications. The Company's mineral royalty interests and deferred transaction costs, and investment in an associate are located in the following locations: Canada, United States of America, Southern Hemisphere, Norway and Others.

Executives

Stefan Gleason

10% Security Holder, Director

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