Key Mining (Key Mining) Cash, Cash Equivalents, Marketable Securities : $1.75 Mil (As of Dec. 2023)

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What is Key Mining Cash, Cash Equivalents, Marketable Securities?

Key Mining's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($3.04 Mil) to Sep. 2023 ($3.09 Mil) but then stayed the same from Sep. 2023 ($3.09 Mil) to Dec. 2023 ($1.75 Mil).

Key Mining's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($1.02 Mil) to Dec. 2022 ($1.88 Mil) but then declined from Dec. 2022 ($1.88 Mil) to Dec. 2023 ($1.75 Mil).

Key Mining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Key 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.

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Key Mining Cash, Cash Equivalents, Marketable Securities Chart

Key Mining Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

1.02

1.88

1.75

Key Mining Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	1.88	3.04	3.09	1.75

Key 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.

Key Mining (AMEX:KMCM) 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.

Key Mining Cash, Cash Equivalents, Marketable Securities Related Terms

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Key Mining (Key Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Key Mining Corp (AMEX:KMCM) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131

Website

https://www.keyminingcorp.com

Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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