Sokoman Minerals (TSXV:SIC) Cash And Cash Equivalents : C$1.50 Mil (As of Dec. 2024)

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What is Sokoman Minerals Cash And Cash Equivalents?

Sokoman Minerals's quarterly cash and cash equivalents declined from Jun. 2024 (C$2.53 Mil) to Sep. 2024 (C$1.47 Mil) but then increased from Sep. 2024 (C$1.47 Mil) to Dec. 2024 (C$1.50 Mil).

Sokoman Minerals's annual cash and cash equivalents declined from Jun. 2022 (C$10.34 Mil) to Jun. 2023 (C$4.89 Mil) and declined from Jun. 2023 (C$4.89 Mil) to Jun. 2024 (C$2.53 Mil).

Sokoman Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Sokoman Minerals'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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Sokoman Minerals Cash And Cash Equivalents Chart

Sokoman Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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2.71

15.40

10.34

4.89

2.53

Sokoman Minerals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.65	3.24	2.53	1.47	1.50

Sokoman Minerals 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.

Sokoman Minerals (TSXV:SIC) 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.

Sokoman Minerals Cash And Cash Equivalents Related Terms

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Sokoman Minerals Business Description

Industry

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SICNF:USA 3PJ:Germany

Address

82 Richmond Street East, 1st Floor, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company and the landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's focus is its portfolio of gold projects; it owns its flagship, Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. Its other projects are Grey River Gold, Killick Lithium Project, Kepenkeck Gold, Crippleback Lake Gold, East Alder Gold, Startrek Project, and Iron Horse Project.

Executives