Canter Resources (XCNQ:CRC) Cash And Cash Equivalents : C$3.77 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Canter Resources Cash And Cash Equivalents?

Canter Resources's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$1.24 Mil) and increased from Sep. 2023 (C$1.24 Mil) to Dec. 2023 (C$3.77 Mil).

Canter Resources's annual cash and cash equivalents increased from Jun. 2021 (C$0.21 Mil) to Jun. 2022 (C$0.22 Mil) but then declined from Jun. 2022 (C$0.22 Mil) to Jun. 2023 (C$0.00 Mil).

Canter Resources Cash And Cash Equivalents Historical Data

The historical data trend for Canter 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.

* Premium members only.

Canter Resources Cash And Cash Equivalents Chart

Canter Resources Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.21

0.22

Canter Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.05	0.02	-	1.24	3.77

Canter 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.

Canter Resources (XCNQ:CRC) 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.

Canter Resources Cash And Cash Equivalents Related Terms

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

Canter Resources (XCNQ:CRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canter Resources Corp (XCNQ:CRC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CNRCF:USA 6O1:Germany

Address

918-1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.canterresources.com

Canter Resources Corp's principal includes the exploration and development of base and precious mineral resources in British Columbia. The company's project includes the Columbus lithium-boron project. Puzzle Lake Gold Project, Santoy-Seabee mine complex in Saskatchewan, Canada and the Beaver Creek Property.

Executives

Joness Lang

Director, Senior Officer