Ares Strategic Mining (XCNQ:ARS) Cash And Cash Equivalents : C$0.03 Mil (As of Dec. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Ares Strategic Mining Cash And Cash Equivalents?

Ares Strategic Mining's quarterly cash and cash equivalents declined from Jun. 2024 (C$0.38 Mil) to Sep. 2024 (C$0.09 Mil) but then stayed the same from Sep. 2024 (C$0.09 Mil) to Dec. 2024 (C$0.03 Mil).

Ares Strategic Mining's annual cash and cash equivalents increased from Sep. 2022 (C$0.04 Mil) to Sep. 2023 (C$0.47 Mil) but then declined from Sep. 2023 (C$0.47 Mil) to Sep. 2024 (C$0.09 Mil).

Ares Strategic Mining Cash And Cash Equivalents Historical Data

The historical data trend for Ares Strategic 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.

Ares Strategic Mining Cash And Cash Equivalents Chart

Ares Strategic Mining Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.22

1.05

0.04

0.47

0.09

Ares Strategic Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.08	0.04	0.38	0.09	0.03

Ares Strategic 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.

Ares Strategic Mining (XCNQ:ARS) 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.

Ares Strategic Mining Cash And Cash Equivalents Related Terms

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

Ares Strategic Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ares Strategic Mining Inc (XCNQ:ARS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ARSMF:USA N8I:Germany

Address

409 Granville Street, Suite 1001, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aresmining.com

Ares Strategic Mining Inc is a junior natural resource mining company. The Company has one reportable segment, being the acquisition, exploration, and development of resource properties. It is engaged in the acquisition and exploration of lithium resource properties. Its projects include Lost Sheep, Vanadium Ridge Property, Liard Property, jackpot lake property, Wilcox playa and Ontario properties.

Executives

Raul Sanabria	Director
James Walker	Director, Senior Officer
Paul Thomson Sarjeant	Director
Viktoriya Griffin	Senior Officer
Bo Li	Director
Karl Marek	Director
Tuangphak Klaimanee	Senior Officer

Ares Strategic Mining Headlines

No Headlines