Santacruz Silver Mining (TSXV:SCZ) Cash And Cash Equivalents : C$6.6 Mil (As of Dec. 2023)

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What is Santacruz Silver Mining Cash And Cash Equivalents?

Santacruz Silver Mining's quarterly cash and cash equivalents declined from Jun. 2023 (C$10.26 Mil) to Sep. 2023 (C$4.08 Mil) but then increased from Sep. 2023 (C$4.08 Mil) to Dec. 2023 (C$6.64 Mil).

Santacruz Silver Mining's annual cash and cash equivalents increased from Dec. 2021 (C$1.20 Mil) to Dec. 2022 (C$6.26 Mil) and increased from Dec. 2022 (C$6.26 Mil) to Dec. 2023 (C$6.64 Mil).

Santacruz Silver Mining Cash And Cash Equivalents Historical Data

The historical data trend for Santacruz Silver Mining'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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Santacruz Silver Mining Cash And Cash Equivalents Chart

Santacruz Silver Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.16

0.55

1.20

6.26

6.64

Santacruz Silver Mining 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															6.26	16.40	10.26	4.08	6.64

Santacruz Silver Mining 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.

Santacruz Silver Mining (TSXV:SCZ) 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.

Santacruz Silver Mining Cash And Cash Equivalents Related Terms

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Santacruz Silver Mining (TSXV:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Santacruz Silver Mining Ltd (TSXV:SCZ) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SZSMF:USA 1SZ:Germany

Address

1140 West Pender Street, Suite 480, Vancouver, BC, CAN

Website

https://www.santacruzsilver.com

Santacruz Silver Mining Ltd is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, with a primary focus on silver and zinc, including lead and copper. The company has one producing project, the Zimapan Mine, and two exploration properties in its mineral property portfolio, the La Pechuga Property, and the Santa Gorgonia Prospect. The company earns the majority of its revenue from Zinc and Silver. The company's reportable operating segments are the Bolivar mine and processing plant, the Porco mine and processing plant, the Caballo Blanco Group, San Lucas, Zimapan, and Corporate and Other activities.

Executives

W. Barry Girling

Director