Quri-Mayu Developments (TSXV:QURI) Cash And Cash Equivalents : C$0.18 Mil (As of Jan. 2025)

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What is Quri-Mayu Developments Cash And Cash Equivalents?

Quri-Mayu Developments's quarterly cash and cash equivalents declined from Jul. 2024 (C$0.03 Mil) to Oct. 2024 (C$0.01 Mil) but then increased from Oct. 2024 (C$0.01 Mil) to Jan. 2025 (C$0.18 Mil).

Quri-Mayu Developments's annual cash and cash equivalents declined from Oct. 2022 (C$0.60 Mil) to Oct. 2023 (C$0.22 Mil) and declined from Oct. 2023 (C$0.22 Mil) to Oct. 2024 (C$0.01 Mil).

Quri-Mayu Developments Cash And Cash Equivalents Historical Data

The historical data trend for Quri-Mayu Developments'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.

Quri-Mayu Developments Cash And Cash Equivalents Chart

Quri-Mayu Developments Annual Data

Trend

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

0.59

0.60

0.22

0.01

Quri-Mayu Developments Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.13	0.04	0.03	0.01	0.18

Quri-Mayu Developments 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.

Quri-Mayu Developments (TSXV:QURI) 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.

Quri-Mayu Developments Cash And Cash Equivalents Related Terms

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Quri-Mayu Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quri-Mayu Developments Ltd (TSXV:QURI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://quri-mayu.ca

Quri-Mayu Developments Ltd is engaged in the identification, evaluation, and acquisition of mineral properties, as well as the exploration of mineral properties.

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