Monumental Energy (TSXV:MNRG) Cash, Cash Equivalents, Marketable Securities : C$2.31 Mil (As of Mar. 2024)

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What is Monumental Energy Cash, Cash Equivalents, Marketable Securities?

Monumental Energy's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (C$3.15 Mil) to Dec. 2023 (C$3.04 Mil) but then stayed the same from Dec. 2023 (C$3.04 Mil) to Mar. 2024 (C$2.31 Mil).

Monumental Energy's annual cash, cash equivalents, marketable securities increased from Sep. 2021 (C$0.55 Mil) to Sep. 2022 (C$3.06 Mil) and increased from Sep. 2022 (C$3.06 Mil) to Sep. 2023 (C$3.15 Mil).

Monumental Energy Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Monumental Energy'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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Monumental Energy Cash, Cash Equivalents, Marketable Securities Chart

Monumental Energy Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

0.37

0.55

3.06

3.15

Monumental Energy Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									2.28	3.32	3.15	3.04	2.31

Monumental Energy 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.

Monumental Energy (TSXV:MNRG) 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.

Monumental Energy Cash, Cash Equivalents, Marketable Securities Related Terms

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Monumental Energy (TSXV:MNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monumental Energy Corp (TSXV:MNRG) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

MNMRF:USA

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.

Executives

Maximilian Sali

Director

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