Trench Metals (TSXV:TMC) Cash And Cash Equivalents : C$0.77 Mil (As of Jan. 2024)

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What is Trench Metals Cash And Cash Equivalents?

Trench Metals's quarterly cash and cash equivalents increased from Jul. 2023 (C$0.54 Mil) to Oct. 2023 (C$0.56 Mil) and increased from Oct. 2023 (C$0.56 Mil) to Jan. 2024 (C$0.77 Mil).

Trench Metals's annual cash and cash equivalents increased from Oct. 2021 (C$0.24 Mil) to Oct. 2022 (C$0.58 Mil) but then declined from Oct. 2022 (C$0.58 Mil) to Oct. 2023 (C$0.56 Mil).

Trench Metals Cash And Cash Equivalents Historical Data

The historical data trend for Trench 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.

* Premium members only.

Trench Metals Cash And Cash Equivalents Chart

Trench Metals Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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0.97

0.81

0.24

0.58

0.56

Trench Metals 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															0.49	0.44	0.54	0.56	0.77

Trench 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.

Trench Metals (TSXV:TMC) 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.

Trench Metals Cash And Cash Equivalents Related Terms

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Trench Metals (TSXV:TMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Trench Metals Corp (TSXV:TMC) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

NVTQF:USA 33H2:Germany

Address

250 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.trenchmetals.com

Trench Metals Corp is engaged in the business of exploration and mining metals. The company focuses on the Gorilla Lake Uranium Project and Higginson Lake Uranium Project.