Hi-View Resources (XCNQ:HVW) Cash And Cash Equivalents : C$0.06 Mil (As of Mar. 2024)

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What is Hi-View Resources Cash And Cash Equivalents?

Hi-View Resources's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.09 Mil) to Dec. 2023 (C$0.07 Mil) but then stayed the same from Dec. 2023 (C$0.07 Mil) to Mar. 2024 (C$0.06 Mil).

Hi-View Resources's annual cash and cash equivalents increased from Sep. 2021 (C$0.26 Mil) to Sep. 2022 (C$0.29 Mil) but then declined from Sep. 2022 (C$0.29 Mil) to Sep. 2023 (C$0.09 Mil).

Hi-View Resources Cash And Cash Equivalents Historical Data

The historical data trend for Hi-View 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.

Hi-View Resources Cash And Cash Equivalents Chart

Hi-View Resources Annual Data

Trend

Sep21

Sep22

Sep23

Cash And Cash Equivalents

0.26

0.29

0.09

Hi-View Resources Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.18	0.11	0.09	0.07	0.06

Hi-View 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.

Hi-View Resources (XCNQ:HVW) 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.

Hi-View Resources Cash And Cash Equivalents Related Terms

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Hi-View Resources (XCNQ:HVW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi-View Resources Inc (XCNQ:HVW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

B63:Germany

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

Hi-View Resources Inc is engaged in the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Ket 28 Option on the Ket 28 Property located in the Greenwood Mining Division in south-central British Columbia.

Executives

Steve Mathiesen

Director, Senior Officer

Hi-View Resources (XCNQ:HVW) Headlines

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