South Pacific Metals (TSXV:SPMC) Cash And Cash Equivalents : C$0.62 Mil (As of Mar. 2024)

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What is South Pacific Metals Cash And Cash Equivalents?

South Pacific Metals's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.10 Mil) to Dec. 2023 (C$1.80 Mil) but then stayed the same from Dec. 2023 (C$1.80 Mil) to Mar. 2024 (C$0.62 Mil).

South Pacific Metals's annual cash and cash equivalents increased from Nov. 2020 (C$0.00 Mil) to Dec. 2022 (C$0.42 Mil) and increased from Dec. 2022 (C$0.42 Mil) to Dec. 2023 (C$1.80 Mil).

South Pacific Metals Cash And Cash Equivalents Historical Data

The historical data trend for South Pacific Metals'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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South Pacific Metals Cash And Cash Equivalents Chart

South Pacific Metals Annual Data

Trend

Nov20

Dec22

Dec23

Cash And Cash Equivalents

0.42

1.80

South Pacific Metals Quarterly Data
	Feb20	Jun20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.25	0.78	0.10	1.80	0.62

South Pacific Metals 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.

South Pacific Metals (TSXV:SPMC) 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.

South Pacific Metals Cash And Cash Equivalents Related Terms

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South Pacific Metals (TSXV:SPMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Pacific Metals Corp (TSXV:SPMC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KRLCF:USA 6J0:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.kainanturesources.com

Kainantu Resources Ltd is an Asia-Pacific-focused gold mining company engaged in the acquisition, exploration and development of exploration and evaluation assets in PNG. Its projects are KRL North and South and May River project. It has one operating segment which is the acquisition, exploration and development of exploration and evaluation assets in PNG.

South Pacific Metals (TSXV:SPMC) Headlines

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