Red Canyon Resources (XCNQ:REDC) Cash And Cash Equivalents : C$1.95 Mil (As of Sep. 2024)

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What is Red Canyon Resources Cash And Cash Equivalents?

Red Canyon Resources's quarterly cash and cash equivalents increased from Mar. 2024 (C$0.74 Mil) to Jun. 2024 (C$2.72 Mil) but then stayed the same from Jun. 2024 (C$2.72 Mil) to Sep. 2024 (C$1.95 Mil).

Red Canyon Resources's annual cash and cash equivalents declined from Dec. 2021 (C$0.78 Mil) to Dec. 2022 (C$0.27 Mil) but then increased from Dec. 2022 (C$0.27 Mil) to Dec. 2023 (C$0.97 Mil).

Red Canyon Resources Cash And Cash Equivalents Historical Data

The historical data trend for Red Canyon 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.

Red Canyon Resources Cash And Cash Equivalents Chart

Red Canyon Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.14

0.78

0.27

0.97

Red Canyon Resources Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial							1.73	0.97	0.74	2.72	1.95

Red Canyon 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.

Red Canyon Resources (XCNQ:REDC) 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.

Red Canyon Resources Cash And Cash Equivalents Related Terms

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Red Canyon Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Canyon Resources Ltd (XCNQ:REDC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

REDRF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redcanyonresources.com

Red Canyon Resources Ltd is a mineral resource company principally engaged in the acquisition and exploration of mineral property assets in Canada and the United States. Its projects are BC projects including Peak, Kendal, Ping, SP, and Cooper; and the United States projects including Scraper Springs and Keg. It has two geographic segments Canada and the USA. It generates the majority of its revenue from Canada.

Executives

Wendell Miles Zerb

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Red Canyon Resources Headlines

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