Vortex Energy (XCNQ:VRTX) Cash And Cash Equivalents : C$3.95 Mil (As of Mar. 2024)

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What is Vortex Energy Cash And Cash Equivalents?

Vortex Energy's quarterly cash and cash equivalents declined from Sep. 2023 (C$4.28 Mil) to Dec. 2023 (C$3.30 Mil) but then increased from Dec. 2023 (C$3.30 Mil) to Mar. 2024 (C$3.95 Mil).

Vortex Energy's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Jun. 2022 (C$1.67 Mil) and increased from Jun. 2022 (C$1.67 Mil) to Jun. 2023 (C$3.99 Mil).

Vortex Energy Cash And Cash Equivalents Historical Data

The historical data trend for Vortex Energy'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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Vortex Energy Cash And Cash Equivalents Chart

Vortex Energy Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

1.67

3.99

Vortex Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.66	3.99	4.28	3.30	3.95

Vortex Energy 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.

Vortex Energy (XCNQ:VRTX) 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.

Vortex Energy Cash And Cash Equivalents Related Terms

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Vortex Energy (XCNQ:VRTX) Business Description

Industry

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Traded in Other Exchanges

VTECF:USA AA3:Germany

Address

1177 West Hastings Street, Suite 1930, Vancouver, BC, CAN, V6E 4T5

Website

Vortex Energy Corp is engaged in the acquisition, exploration, staking, and evaluation of the green energy and/or mineral exploration sector. natural resource properties in North America.

Executives