Cameo Resources (XCNQ:MEO) Cash And Cash Equivalents : C$0.04 Mil (As of Feb. 2025)

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What is Cameo Resources Cash And Cash Equivalents?

Cameo Resources's quarterly cash and cash equivalents declined from Aug. 2024 (C$0.10 Mil) to Nov. 2024 (C$0.03 Mil) but then increased from Nov. 2024 (C$0.03 Mil) to Feb. 2025 (C$0.04 Mil).

Cameo Resources's annual cash and cash equivalents declined from Aug. 2022 (C$0.05 Mil) to Aug. 2023 (C$0.00 Mil) but then increased from Aug. 2023 (C$0.00 Mil) to Aug. 2024 (C$0.10 Mil).

Cameo Resources Cash And Cash Equivalents Historical Data

The historical data trend for Cameo 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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Cameo Resources Cash And Cash Equivalents Chart

Cameo Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug21

Aug22

Aug23

Aug24

Cash And Cash Equivalents

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0.04

0.06

0.05

0.10

Cameo Resources Quarterly Data
	Aug17	May18	Aug18	May19	Aug19	May20	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.03	0.55	0.10	0.03	0.04

Cameo 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.

Cameo Resources (XCNQ:MEO) 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.

Cameo Resources Cash And Cash Equivalents Related Terms

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Cameo Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cameo Resources Inc (XCNQ:MEO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

5623 145A Street, Surrey, BC, CAN, V3S 8E3

Website

Cameo Resources Inc is a mineral exploration company. The business objective of the company is to identify, evaluate, acquire, and explore mineral properties for the purposes of identifying a mineral resource deposit at its flagship Nevada Project, as well as any other mineral properties that the company may acquire an interest in from time to time subsequent to the date hereof.

Executives

Casey Lewis

Director

Cameo Resources Headlines

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