Sun Peak Metals (TSXV:PEAK) Cash, Cash Equivalents, Marketable Securities : C$5.79 Mil (As of Mar. 2024)

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What is Sun Peak Metals Cash, Cash Equivalents, Marketable Securities?

Sun Peak Metals's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (C$6.74 Mil) to Dec. 2023 (C$6.51 Mil) but then stayed the same from Dec. 2023 (C$6.51 Mil) to Mar. 2024 (C$5.79 Mil).

Sun Peak Metals's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (C$9.22 Mil) to Dec. 2022 (C$7.94 Mil) and declined from Dec. 2022 (C$7.94 Mil) to Dec. 2023 (C$6.51 Mil).

Sun Peak Metals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sun Peak Metals'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.

Sun Peak Metals Cash, Cash Equivalents, Marketable Securities Chart

Sun Peak Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

14.34

9.76

9.22

7.94

6.51

Sun Peak Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															7.50	7.06	6.74	6.51	5.79

Sun Peak Metals 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.

Sun Peak Metals (TSXV:PEAK) 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.

Sun Peak Metals Cash, Cash Equivalents, Marketable Securities Related Terms

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Sun Peak Metals (TSXV:PEAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sun Peak Metals Corp (TSXV:PEAK) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

SUNPF:USA

Address

Unit 1 - 15782 Marine Drive, White Rock, BC, CAN, V4B 1E6

Website

https://www.sunpeakmetals.com

Sun Peak Metals Corp is engaged in the acquisition, exploration, and development of resource properties for the mining of precious or base metals. It is focused on the exploration and discovery of gold and copper targets on the Shire Project in Ethiopia. The Shire Project is comprised of four exploration licenses and covers approximately 900 square kilometers in northern Ethiopia.

Executives

Hayley Thomasen	Director
David Awram	Director
Gregory Robert Davis	Director, Senior Officer

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