Sulliden Mining Capital (TSX:SMC) Cash, Cash Equivalents, Marketable Securities : C$1.23 Mil (As of Jan. 2025)

View and export this data going back to 2014. Start your Free Trial

What is Sulliden Mining Capital Cash, Cash Equivalents, Marketable Securities?

Sulliden Mining Capital's quarterly cash, cash equivalents, marketable securities increased from Jul. 2024 (C$2.04 Mil) to Oct. 2024 (C$3.00 Mil) but then stayed the same from Oct. 2024 (C$3.00 Mil) to Jan. 2025 (C$1.23 Mil).

Sulliden Mining Capital's annual cash, cash equivalents, marketable securities declined from Jul. 2022 (C$8.20 Mil) to Jul. 2023 (C$3.35 Mil) and declined from Jul. 2023 (C$3.35 Mil) to Jul. 2024 (C$2.04 Mil).

Sulliden Mining Capital Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sulliden Mining Capital'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.

Sulliden Mining Capital Cash, Cash Equivalents, Marketable Securities Chart

Sulliden Mining Capital Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

13.45

11.91

8.20

3.35

2.04

Sulliden Mining Capital Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.43	2.36	2.04	3.00	1.23

Sulliden Mining Capital 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.

Sulliden Mining Capital (TSX:SMC) 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.

Sulliden Mining Capital Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Sulliden Mining Capital's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Sulliden Mining Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sulliden Mining Capital Inc (TSX:SMC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

14S:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

http://www.sulliden.com

Sulliden Mining Capital Inc is engaged in the business of mineral exploration. It holds mineral exploration interests in the East Sullivan property in Quebec, mineral exploration interests in the Salt Cay property in Peru, Uranium exploration interests in the Proterozoic Otish property in Quebec, and various investments in public and private entities. The company is a uranium and precious metals company focused on acquisitions and the development of brownfield, development-stage, and early production-stage mining projects in the Americas, Africa, and Australia. The company also invests its excess cash to maintain its capital for the acquisition of mining projects.

Executives