Silver North Resources (TSXV:SNAG) Cash And Cash Equivalents : C$0.05 Mil (As of Mar. 2023)

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What is Silver North Resources Cash And Cash Equivalents?

Silver North Resources's quarterly cash and cash equivalents declined from Sep. 2022 (C$0.40 Mil) to Dec. 2022 (C$0.01 Mil) but then increased from Dec. 2022 (C$0.01 Mil) to Mar. 2023 (C$0.05 Mil).

Silver North Resources's annual cash and cash equivalents declined from Sep. 2021 (C$0.41 Mil) to Sep. 2022 (C$0.40 Mil) and declined from Sep. 2022 (C$0.40 Mil) to Sep. 2023 (C$0.14 Mil).

Silver North Resources Cash And Cash Equivalents Historical Data

The historical data trend for Silver North 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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Silver North Resources Cash And Cash Equivalents Chart

Silver North Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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0.32

0.28

0.41

0.40

0.14

Silver North Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	0.40	0.01	0.05	0.14

Silver North 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.

Silver North Resources (TSXV:SNAG) 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.

Silver North Resources Cash And Cash Equivalents Related Terms

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Silver North Resources (TSXV:SNAG) Business Description

Industry

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TARSF:USA

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.alianzaminerals.com

Silver North Resources Ltd has made new silver discoveries in the Keno Hill Silver District of the Yukon at its Haldane Project, where high-grade silver has been identified in drilling at three target areas. The Company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 km from the Silvertip mine. Silver is a critical component in today's economy due to its myriad of industrial uses. This is only expected to continue, driving long-term growth and the demand for silver. Silver North is ideally positioned to further prove out and expand upon its discoveries, at the stage of the mining development curve traditionally associated with the value increases for shareholders.

Executives

Mark Thomas Brown

Director

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