Silver X Mining (FRA:AGX) Cash, Cash Equivalents, Marketable Securities : €0.27 Mil (As of Mar. 2024)

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What is Silver X Mining Cash, Cash Equivalents, Marketable Securities?

Silver X Mining's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (€0.57 Mil) to Dec. 2023 (€0.45 Mil) but then stayed the same from Dec. 2023 (€0.45 Mil) to Mar. 2024 (€0.27 Mil).

Silver X Mining's annual cash, cash equivalents, marketable securities declined from Feb. 2021 (€0.99 Mil) to Dec. 2022 (€0.97 Mil) and declined from Dec. 2022 (€0.97 Mil) to Dec. 2023 (€0.45 Mil).

Silver X Mining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Silver X Mining's Cash, Cash Equivalents, Marketable Securities 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.

Silver X Mining Cash, Cash Equivalents, Marketable Securities Chart

Silver X Mining Annual Data

Trend

Feb20

Feb21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.03

0.99

0.97

0.45

Silver X Mining Quarterly Data
	May20	Aug20	Feb21	May21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									0.74	1.25	0.57	0.45	0.27

Silver X Mining Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Silver X Mining (FRA:AGX) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Silver X Mining Cash, Cash Equivalents, Marketable Securities Related Terms

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Silver X Mining (FRA:AGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver X Mining Corp (FRA:AGX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

AGXPF:USA AGX:Germany AGX:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.silverx-mining.com

Silver X Mining Corp is a Canadian silver mining company with assets in Peru and Ecuador. The Company operates in two reportable operating segments, the exploration and development of mineral properties. The company's flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. The firm offers diverse commodity exposure, including silver, gold, lead, and zinc opportunities. It also holds interest in the Coriorcco gold project.