Eagle Royalties (XCNQ:ER) Cash And Cash Equivalents : C$1.13 Mil (As of Dec. 2023)

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What is Eagle Royalties Cash And Cash Equivalents?

Eagle Royalties's quarterly cash and cash equivalents increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.09 Mil) and increased from Dec. 2022 (C$0.09 Mil) to Dec. 2023 (C$1.13 Mil).

Eagle Royalties's annual cash and cash equivalents increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.09 Mil) and increased from Dec. 2022 (C$0.09 Mil) to Dec. 2023 (C$1.13 Mil).

Eagle Royalties Cash And Cash Equivalents Historical Data

The historical data trend for Eagle Royalties'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.

Eagle Royalties Cash And Cash Equivalents Chart

Eagle Royalties Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.09

1.13

Eagle Royalties Semi-Annual Data
	Dec21	Dec22	Dec23
Cash And Cash Equivalents	-	0.09	1.13

Eagle Royalties 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.

Eagle Royalties (XCNQ:ER) 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.

Eagle Royalties Cash And Cash Equivalents Related Terms

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Eagle Royalties (XCNQ:ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eagle Royalties Ltd (XCNQ:ER) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ERYTF:USA

Address

44 – 12th Avenue South, Suite 200, Cranbrook, BC, CAN, V1C 2R7

Website

https://www.eagleroyalties.com

Eagle Royalties Ltd manages royalty assets. The firm holds royalty interests on over 40 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds, and industrial minerals.

Executives

Timothy Jay Termuende	Director, Senior Officer
Jesse Campbell	Director

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