GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Viscount Mining Corp (OTCPK:VLMGF) » Definitions » Cash And Cash Equivalents

VLMGF (Viscount Mining) Cash And Cash Equivalents : $0.56 Mil (As of May. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Viscount Mining Cash And Cash Equivalents?

Viscount Mining's quarterly cash and cash equivalents declined from Nov. 2023 ($0.04 Mil) to Feb. 2024 ($0.03 Mil) but then increased from Feb. 2024 ($0.03 Mil) to May. 2024 ($0.56 Mil).

Viscount Mining's annual cash and cash equivalents declined from Aug. 2021 ($2.04 Mil) to Aug. 2022 ($0.97 Mil) and declined from Aug. 2022 ($0.97 Mil) to Aug. 2023 ($0.04 Mil).

Viscount Mining Cash And Cash Equivalents Historical Data

The historical data trend for Viscount 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.

* Premium members only.

Viscount Mining Cash And Cash Equivalents Chart

Viscount Mining Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 3.22 2.04 0.97 0.04

Viscount Mining Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.04 0.04 0.03 0.56

Viscount 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.

Viscount Mining  (OTCPK:VLMGF) 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.

Viscount Mining Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Viscount Mining's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Viscount Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Viscount Mining Corp (OTCPK:VLMGF) » Definitions » Cash And Cash Equivalents
Comparable Companies
TSXV:MAX TSXV:PPX TSXV:TSLV TSXV:PEX TSXV:SGO TSXV:BME TSXV:RK TSXV:EQTY TSX:ELR TSXV:PEAK ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
VML:Canada
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
Website
https://www.viscountmining.com
Viscount Mining Corp is an exploration-stage company engaged in natural resource exploration. The company is focused on resources located in the states of Nevada and Colorado in the United States of America. Its project includes Cherry Creek and Silver Cliff. Geographically, it operates in Canada and USA.