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Rain City Resources (XCNQ:RAIN) Cash And Cash Equivalents : C$0.06 Mil (As of Dec. 2024)


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What is Rain City Resources Cash And Cash Equivalents?

Rain City Resources's quarterly cash and cash equivalents increased from Jun. 2024 (C$0.01 Mil) to Sep. 2024 (C$0.02 Mil) and increased from Sep. 2024 (C$0.02 Mil) to Dec. 2024 (C$0.06 Mil).

Rain City Resources's annual cash and cash equivalents increased from Sep. 2022 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil) and increased from Sep. 2023 (C$0.00 Mil) to Sep. 2024 (C$0.02 Mil).

Rain City Resources Cash And Cash Equivalents Historical Data

The historical data trend for Rain City 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.

Rain City Resources Cash And Cash Equivalents Chart

Rain City Resources Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cash And Cash Equivalents
Get a 7-Day Free Trial 0.11 0.06 - - 0.02

Rain City Resources Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 0.01 0.02 0.06

Rain City 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.

Rain City Resources  (XCNQ:RAIN) 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.

Rain City Resources Cash And Cash Equivalents Related Terms

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Rain City Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rain City Resources Inc (XCNQ:RAIN) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
142 - 757 West Hastings Street, Vancouver, BC, CAN, V6C 1A1
Website
https://www.raincityresources.com
Rain City Resources Inc is an integrated lithium technology and project development company committed to solving the environmental, social, and economic issues associated with extracting lithium from brine. Its primary focus is on lithium production sourced from brines using proprietary Direct Lithium Extraction (DLE) processes. The company has purchased an interest in a patented technology, adapted to Direct Lithium Extraction (DLE) called ACCELi. In addition, it holds a 100% interest in the Bro Property, located in the Yukon region.
Executives
Mineral Road Discovery Inc 10% Security Holder
Damien Edward Reynolds 10% Security Holder
1459988 Bc Ltd 10% Security Holder
Emma Fairhurst 10% Security Holder
Crest Resources Inc. 10% Security Holder
Richard Ryan Penn 10% Security Holder, Director, Senior Officer
Roman Reuven Rubin 10% Security Holder, Director, Senior Officer