Western Exploration (Western Exploration) Cash And Cash Equivalents : $4.76 Mil (As of Mar. 2024)

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What is Western Exploration Cash And Cash Equivalents?

Western Exploration's quarterly cash and cash equivalents declined from Sep. 2023 ($1.37 Mil) to Dec. 2023 ($0.52 Mil) but then increased from Dec. 2023 ($0.52 Mil) to Mar. 2024 ($4.76 Mil).

Western Exploration's annual cash and cash equivalents declined from Dec. 2021 ($5.50 Mil) to Dec. 2022 ($1.27 Mil) and declined from Dec. 2022 ($1.27 Mil) to Dec. 2023 ($0.52 Mil).

Western Exploration Cash And Cash Equivalents Historical Data

The historical data trend for Western Exploration'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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Western Exploration Cash And Cash Equivalents Chart

Western Exploration Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.07

5.50

1.27

0.52

Western Exploration Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.75	3.08	1.37	0.52	4.76

Western Exploration 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.

Western Exploration (OTCPK:WEXPF) 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.

Western Exploration Cash And Cash Equivalents Related Terms

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Western Exploration (Western Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Exploration Inc (OTCPK:WEXPF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

WEX:Canada

Address

121 Woodland Avenue, Suite 140, Reno, NV, USA, 89523

Website

https://www.westernexploration.com

Western Exploration Inc is a Nevada-focused precious metals exploration company, aiming to be a gold and silver development company in North America. Its principal asset is the Aura gold-silver project located in Elko County, Nevada.

Western Exploration (Western Exploration) Headlines

From GuruFocus

InvestmentPitch Media Video Discusses Western Exploration's Start of its 2022 Diamond Drill Program at its Aura Gold-Silver Project in Nevada

By PurpleRose PurpleRose • 07-27-2022