ProAm Explorations (TSXV:PMX) Cash And Cash Equivalents : C$0.10 Mil (As of Dec. 2023)

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What is ProAm Explorations Cash And Cash Equivalents?

ProAm Explorations's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.02 Mil) to Sep. 2023 (C$0.03 Mil) and increased from Sep. 2023 (C$0.03 Mil) to Dec. 2023 (C$0.10 Mil).

ProAm Explorations's annual cash and cash equivalents declined from Dec. 2021 (C$0.32 Mil) to Dec. 2022 (C$0.07 Mil) but then increased from Dec. 2022 (C$0.07 Mil) to Dec. 2023 (C$0.10 Mil).

ProAm Explorations Cash And Cash Equivalents Historical Data

The historical data trend for ProAm Explorations'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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ProAm Explorations Cash And Cash Equivalents Chart

ProAm Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.05

0.32

0.07

0.10

ProAm Explorations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.07	0.07	0.02	0.03	0.10

ProAm Explorations 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.

ProAm Explorations (TSXV:PMX) 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.

ProAm Explorations Cash And Cash Equivalents Related Terms

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ProAm Explorations (TSXV:PMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProAm Explorations Corp (TSXV:PMX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

867 West 3rd Street, North Vancouver, Vancouver, BC, CAN, V7P 1E2

Website

ProAm Explorations Corp is a junior mineral and oil and natural gas exploration and development company. It operates in Canada and the United States. Mineral exploration is focused in the USA Canada while little oil and natural gas activity has been pursued. The company is a junior exploration company putting its emphasis on mineral properties as economic conditions in natural gas markets have been unsettled. It has a single operating segment the acquisition, exploration and development of resource properties.

Executives

Glencoe-macdonald Holdings Ltd.	10% Security Holder
Donald Leo Macdonald	Senior Officer
Macdonald Maureen	Director or Senior Officer of 10% Security Holder