Xiana Mining (TSXV:XIA.H) Cash And Cash Equivalents : C$0.00 Mil (As of Sep. 2020)

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What is Xiana Mining Cash And Cash Equivalents?

Xiana Mining's quarterly cash and cash equivalents declined from Mar. 2020 (C$0.16 Mil) to Jun. 2020 (C$0.02 Mil) but then stayed the same from Jun. 2020 (C$0.02 Mil) to Sep. 2020 (C$0.00 Mil).

Xiana Mining's annual cash and cash equivalents increased from Jan. 2017 (C$0.00 Mil) to Jan. 2018 (C$0.88 Mil) but then declined from Jan. 2018 (C$0.88 Mil) to Dec. 2019 (C$0.10 Mil).

Xiana Mining Cash And Cash Equivalents Historical Data

The historical data trend for Xiana Mining'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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Xiana Mining Cash And Cash Equivalents Chart

Xiana Mining Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Cash And Cash Equivalents

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0.88

0.10

Xiana Mining Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.67	0.10	0.16	0.02	-

Xiana Mining 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.

Xiana Mining (TSXV:XIA.H) 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.

Xiana Mining Cash And Cash Equivalents Related Terms

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Xiana Mining (TSXV:XIA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiana Mining Inc (TSXV:XIA.H) » Definitions » Cash And Cash Equivalents

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Address

837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6

Website

https://www.xianamining.com

Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

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