Rockridge Resources (TSXV:ROCK) Cash And Cash Equivalents : C$0.38 Mil (As of Jan. 2024)

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What is Rockridge Resources Cash And Cash Equivalents?

Rockridge Resources's quarterly cash and cash equivalents declined from Jul. 2023 (C$0.65 Mil) to Oct. 2023 (C$0.34 Mil) but then increased from Oct. 2023 (C$0.34 Mil) to Jan. 2024 (C$0.38 Mil).

Rockridge Resources's annual cash and cash equivalents increased from Jul. 2021 (C$0.59 Mil) to Jul. 2022 (C$1.02 Mil) but then declined from Jul. 2022 (C$1.02 Mil) to Jul. 2023 (C$0.65 Mil).

Rockridge Resources Cash And Cash Equivalents Historical Data

The historical data trend for Rockridge 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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Rockridge Resources Cash And Cash Equivalents Chart

Rockridge Resources Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash And Cash Equivalents

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0.77

1.53

0.59

1.02

0.65

Rockridge Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.26	0.35	0.65	0.34	0.38

Rockridge 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.

Rockridge Resources (TSXV:ROCK) 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.

Rockridge Resources Cash And Cash Equivalents Related Terms

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Rockridge Resources (TSXV:ROCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rockridge Resources Ltd (TSXV:ROCK) » Definitions » Cash And Cash Equivalents

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Address

777 Dunsmuir Street, Suite 1610, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.rockridgeresourcesltd.com

Rockridge Resources Ltd is a junior exploration company. Its principal business activity is acquiring, exploring, and developing mineral properties. The company's project includes the Knife Lake Project in Saskatchewan and Raney Gold Project in northern Ontario.

Executives

Jordan Trimble

Director, Senior Officer