Harfang Exploration (TSXV:HAR) Cash And Cash Equivalents : C$4.03 Mil (As of Oct. 2024)

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What is Harfang Exploration Cash And Cash Equivalents?

Harfang Exploration's quarterly cash and cash equivalents declined from Apr. 2024 (C$5.97 Mil) to Jul. 2024 (C$5.10 Mil) but then stayed the same from Jul. 2024 (C$5.10 Mil) to Oct. 2024 (C$4.03 Mil).

Harfang Exploration's annual cash and cash equivalents increased from Jan. 2022 (C$7.27 Mil) to Jan. 2023 (C$7.41 Mil) but then declined from Jan. 2023 (C$7.41 Mil) to Jan. 2024 (C$6.43 Mil).

Harfang Exploration Cash And Cash Equivalents Historical Data

The historical data trend for Harfang Exploration'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.

Harfang Exploration Cash And Cash Equivalents Chart

Harfang Exploration Annual Data

Trend

Oct14

Oct15

Oct16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

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2.96

8.68

7.27

7.41

6.43

Harfang Exploration Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															5.99	6.43	5.97	5.10	4.03

Harfang Exploration 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.

Harfang Exploration (TSXV:HAR) 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.

Harfang Exploration Cash And Cash Equivalents Related Terms

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Harfang Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harfang Exploration Inc (TSXV:HAR) » Definitions » Cash And Cash Equivalents

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HRFEF:USA

Address

1100 Avenue des Canadiens-de-Montreal, Suite 300, Montreal, QC, CAN, H3B 2S2

Website

https://www.harfangexploration.com

Harfang Exploration Inc is an exploration and evaluation stage company. The company is engaged in the business of acquiring and exploring mineral properties in Canada. The company's focus is currently on the exploration and evaluation of its mineral properties in the James Bay area in the Province of Quebec for gold and lithium and in northeastern Ontario for gold. Its project portfolio includes Lake Menarik, Menarik East, Serpent, Lake Fagnant, and Lake Aulneau properties, Lake Tapiatic Property, and others.

Executives

Ian James Campbell	Director
Marc Pothier	Senior Officer
François Goulet	Director
Pierre Labbé	Director or Senior Officer of 10% Security Holder
Sean Roosen	Director or Senior Officer of 10% Security Holder
André Gaumond	Director

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