Sumo Resources (XPAR:MLSUM) Cash And Cash Equivalents : €0.00 Mil (As of Dec. 2022)

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What is Sumo Resources Cash And Cash Equivalents?

Sumo Resources Cash And Cash Equivalents Historical Data

The historical data trend for Sumo 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.

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Sumo Resources Cash And Cash Equivalents Chart

Sumo Resources Annual Data

Trend

Dec16

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Dec22

Cash And Cash Equivalents

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0.01

Sumo Resources Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.01	-	-	-	-

Sumo 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.

Sumo Resources (XPAR:MLSUM) 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.

Sumo Resources Cash And Cash Equivalents Related Terms

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Sumo Resources (XPAR:MLSUM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumo Resources PLC (XPAR:MLSUM) » Definitions » Cash And Cash Equivalents

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Address

34 Landguard Road, Southampton, Southampton, Hampshire, GBR, SO15 5DP

Website

https://www.sumoresources.com

Sumo Resources PLC is a rare minerals trading and extraction company operating in frontier regions. Its current mineral focus is Tantalum and Niobium.

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