Pershimex Resources (TSXV:PRO) Cash And Cash Equivalents : C$-0.02 Mil (As of Nov. 2022)

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What is Pershimex Resources Cash And Cash Equivalents?

Pershimex Resources's quarterly cash and cash equivalents declined from May. 2022 (C$0.25 Mil) to Aug. 2022 (C$0.14 Mil) but then stayed the same from Aug. 2022 (C$0.14 Mil) to Nov. 2022 (C$-0.02 Mil).

Pershimex Resources's annual cash and cash equivalents increased from Feb. 2020 (C$0.02 Mil) to Feb. 2021 (C$1.06 Mil) but then declined from Feb. 2021 (C$1.06 Mil) to Feb. 2022 (C$0.35 Mil).

Pershimex Resources Cash And Cash Equivalents Historical Data

The historical data trend for Pershimex Resources'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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Pershimex Resources Cash And Cash Equivalents Chart

Pershimex Resources Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Cash And Cash Equivalents

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0.05

0.02

1.06

0.35

Pershimex Resources Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.68	0.35	0.25	0.14	-0.02

Pershimex Resources 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.

Pershimex Resources (TSXV:PRO) 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.

Pershimex Resources Cash And Cash Equivalents Related Terms

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Pershimex Resources (TSXV:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pershimex Resources Corp (TSXV:PRO) » Definitions » Cash And Cash Equivalents

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Address

147 avenue Perrault, Val d'Or, QC, CAN, J9P 2G9

Website

https://www.pershimexressources.ca

Pershimex Resources Corp is a Canadian exploration company. It is engaged in the acquisition, assessment, exploration, and development of mineral properties. The projects of the company Malartic project, Belleterre property, Forsan property, Courville property and others. The company operates through a single segment which is the exploration and evaluation of mineral resources.

Executives