Electric Metals (TSXV:EML) Cash And Cash Equivalents : C$0.08 Mil (As of Dec. 2024)

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What is Electric Metals Cash And Cash Equivalents?

Electric Metals's quarterly cash and cash equivalents declined from Jun. 2024 (C$0.49 Mil) to Sep. 2024 (C$0.07 Mil) but then increased from Sep. 2024 (C$0.07 Mil) to Dec. 2024 (C$0.08 Mil).

Electric Metals's annual cash and cash equivalents increased from Dec. 2022 (C$0.17 Mil) to Dec. 2023 (C$2.36 Mil) but then declined from Dec. 2023 (C$2.36 Mil) to Dec. 2024 (C$0.08 Mil).

Electric Metals Cash And Cash Equivalents Historical Data

The historical data trend for Electric 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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Electric Metals Cash And Cash Equivalents Chart

Electric Metals Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

0.30

0.17

2.36

0.08

Electric Metals Quarterly Data
	Mar20	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												2.36	1.17	0.49	0.07	0.08

Electric 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.

Electric Metals (TSXV:EML) 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 Metals Cash And Cash Equivalents Related Terms

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Electric Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EMUSF:USA

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://www.electricmetals.com

Electric Metals (USA) Ltd is a U.S.-based company focused on advancing critical mineral assets essential to the electrification of everything. Its flagship projects are, the Emily Manganese Project in Minnesota, is the grade manganese deposit in North America and Nevada Silver Assets. The company operates in three geographical segments, Canada, the USA, and Australia.

Executives

Steve Durbin

10% Security Holder, Director