Heritage Mining (XCNQ:HML) Cash And Cash Equivalents : C$0.06 Mil (As of Mar. 2024)

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What is Heritage Mining Cash And Cash Equivalents?

Heritage Mining's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.34 Mil) to Dec. 2023 (C$0.17 Mil) but then stayed the same from Dec. 2023 (C$0.17 Mil) to Mar. 2024 (C$0.06 Mil).

Heritage Mining's annual cash and cash equivalents declined from Dec. 2021 (C$1.01 Mil) to Dec. 2022 (C$0.81 Mil) and declined from Dec. 2022 (C$0.81 Mil) to Dec. 2023 (C$0.17 Mil).

Heritage Mining Cash And Cash Equivalents Historical Data

The historical data trend for Heritage 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.

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Heritage Mining Cash And Cash Equivalents Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.01

0.81

0.17

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial							0.67	1.18	0.34	0.17	0.06

Heritage 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.

Heritage Mining (XCNQ:HML) 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.

Heritage Mining Cash And Cash Equivalents Related Terms

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Heritage Mining (XCNQ:HML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

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