Teras Resources (TSXV:TRA) Cash And Cash Equivalents : C$0.25 Mil (As of Feb. 2023)

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What is Teras Resources Cash And Cash Equivalents?

Teras Resources's quarterly cash and cash equivalents declined from Aug. 2022 (C$0.42 Mil) to Nov. 2022 (C$0.33 Mil) but then stayed the same from Nov. 2022 (C$0.33 Mil) to Feb. 2023 (C$0.25 Mil).

Teras Resources's annual cash and cash equivalents increased from May. 2020 (C$0.33 Mil) to May. 2021 (C$0.70 Mil) but then declined from May. 2021 (C$0.70 Mil) to May. 2022 (C$0.62 Mil).

Teras Resources Cash And Cash Equivalents Historical Data

The historical data trend for Teras 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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Teras Resources Cash And Cash Equivalents Chart

Teras Resources Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Cash And Cash Equivalents

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0.29

0.20

0.33

0.70

0.62

Teras Resources Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.77	0.62	0.42	0.33	0.25

Teras 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.

Teras Resources (TSXV:TRA) 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.

Teras Resources Cash And Cash Equivalents Related Terms

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Teras Resources (TSXV:TRA) Business Description

Industry

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TRARF:USA

Address

206, 6025 - 12th Street South East, Calgary, AB, CAN, T2H 1K1

Website

https://www.teras.ca

Teras Resources Inc is a junior mining exploration & development company. The company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada, and Cahuilla in California. The company explores gold, silver, and base metals. Its projects include Cahuilla Gold Project, Golden Jubilee, Corral Canyon, Gold Point, Watseca Mill and other projects. The Cahuilla Project is located in northwest Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, and includes a mill site and mining claims.

Executives

Joe Carrabba

Director, Senior Officer

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