Prismo Metals (XCNQ:PRIZ) Cash And Cash Equivalents : C$0.07 Mil (As of Mar. 2024)

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What is Prismo Metals Cash And Cash Equivalents?

Prismo Metals's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.07 Mil) to Dec. 2023 (C$0.13 Mil) but then stayed the same from Dec. 2023 (C$0.13 Mil) to Mar. 2024 (C$0.07 Mil).

Prismo Metals's annual cash and cash equivalents increased from Dec. 2021 (C$0.98 Mil) to Dec. 2022 (C$2.58 Mil) but then declined from Dec. 2022 (C$2.58 Mil) to Dec. 2023 (C$0.13 Mil).

Prismo Metals Cash And Cash Equivalents Historical Data

The historical data trend for Prismo 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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Prismo Metals Cash And Cash Equivalents Chart

Prismo Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.18

0.10

0.98

2.58

0.13

Prismo Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial														1.90	0.57	0.07	0.13	0.07

Prismo 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.

Prismo Metals (XCNQ:PRIZ) 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.

Prismo Metals Cash And Cash Equivalents Related Terms

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Prismo Metals (XCNQ:PRIZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PMOMF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.prismometals.com

Prismo Metals Inc is engaged in the business of acquisition and exploration of mineral properties and operates in one segment, namely mineral exploration in Mexico. The company's objective is to locate and develop economic precious and base metal properties of merit. Its properties consist of the Palos Verdes Property and the Los Pavitos property.

Executives

Alain Lambert

Director

Prismo Metals (XCNQ:PRIZ) Headlines

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