Fox River Resources (XCNQ:FOX) Cash And Cash Equivalents : C$6.14 Mil (As of Jan. 2025)

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What is Fox River Resources Cash And Cash Equivalents?

Fox River Resources's quarterly cash and cash equivalents declined from Jul. 2024 (C$0.90 Mil) to Oct. 2024 (C$0.63 Mil) but then increased from Oct. 2024 (C$0.63 Mil) to Jan. 2025 (C$6.14 Mil).

Fox River Resources's annual cash and cash equivalents increased from Oct. 2022 (C$0.20 Mil) to Oct. 2023 (C$1.71 Mil) but then declined from Oct. 2023 (C$1.71 Mil) to Oct. 2024 (C$0.63 Mil).

Fox River Resources Cash And Cash Equivalents Historical Data

The historical data trend for Fox River 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.

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Fox River Resources Cash And Cash Equivalents Chart

Fox River Resources Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

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0.59

2.40

0.20

1.71

0.63

Fox River Resources Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.29	1.12	0.90	0.63	6.14

Fox River 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.

Fox River Resources (XCNQ:FOX) 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.

Fox River Resources Cash And Cash Equivalents Related Terms

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Fox River Resources Business Description

Industry

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

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FXRVF:USA

Address

141 Adelaide Street West, Suite 301, Toronto, ON, CAN, M5H 3L5

Website

https://www.fox-river.ca

Fox River Resources Corp is engaged in the advancement of the Martison Phosphate Project located near Hearst, Ontario. The project entails the construction of a vertically integrated phosphoric acid facility. The plant would utilize the Martison phosphate deposit and sulphuric acid from existing nearby base metal smelters or a sulphuric acid plant built by the company utilizing low-cost sulphur from Western Canada. The acidulation of these two primary inputs would be utilized to create phosphoric acid used to produce products in the fertilizer and industrial phosphate markets.

Executives

David Lotan	Director
Stephen Dunbar Case	10% Security Holder, Director, Senior Officer
Elizabeth Anne Leonard	Director
Fraser James Laschinger	Senior Officer
Lotan Holdings Inc.	10% Security Holder
Gordon Scott Townsend Mckinnon	Director