Miata Metals (XCNQ:MMET) Cash And Cash Equivalents : C$0.99 Mil (As of Sep. 2024)

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What is Miata Metals Cash And Cash Equivalents?

Miata Metals's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.43 Mil) to Dec. 2023 (C$0.34 Mil) but then increased from Dec. 2023 (C$0.34 Mil) to Sep. 2024 (C$0.99 Mil).

Miata Metals Cash And Cash Equivalents Historical Data

The historical data trend for Miata Metals'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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Miata Metals Cash And Cash Equivalents Chart

Miata Metals Annual Data

Trend

Mar22

Cash And Cash Equivalents

Miata Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.48	0.56	0.43	0.34	0.99

Miata Metals 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.

Miata Metals (XCNQ:MMET) 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.

Miata Metals Cash And Cash Equivalents Related Terms

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Miata Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Miata Metals Corp (XCNQ:MMET) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

8NQ:Germany

Address

2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://miatametalscorp.com

Miata Metals Corp engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. It holds an interest in the Cabin Lake property. Currently working on two projects Sela Creek Gold and Nassau. The Sela Creek gold project in Suriname has been mined for alluvial gold and is currently mined for gold in weathered bedrock, called saprolite. Local miners started small-scale mining at Sela Creek in the period from 1920-1930, one of the earliest gold occurrences found in the Tapanahony river area. The Nassau Project is located ~125 km SE of Paramaribo and~100 km north of the Sela Project and is accessible via logging road. The Project is situated less than 10 km South of Newmont's Merian mine and along regional strike of Zijin's Rosebel mine.

Executives

Leonidas Karabelas

10% Security Holder

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