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Zincx Resources (TSXV:ZNX) Cash, Cash Equivalents, Marketable Securities : C$0.54 Mil (As of Sep. 2024)


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What is Zincx Resources Cash, Cash Equivalents, Marketable Securities?

Zincx Resources's quarterly cash, cash equivalents, marketable securities declined from Mar. 2024 (C$0.75 Mil) to Jun. 2024 (C$0.69 Mil) but then stayed the same from Jun. 2024 (C$0.69 Mil) to Sep. 2024 (C$0.54 Mil).

Zincx Resources's annual cash, cash equivalents, marketable securities increased from Jun. 2022 (C$0.81 Mil) to Jun. 2023 (C$1.26 Mil) but then declined from Jun. 2023 (C$1.26 Mil) to Jun. 2024 (C$0.69 Mil).


Zincx Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Zincx Resources'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.

Zincx Resources Cash, Cash Equivalents, Marketable Securities Chart

Zincx Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 3.07 0.81 1.26 0.69

Zincx Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 0.88 0.75 0.69 0.54

Zincx Resources 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.


Zincx Resources  (TSXV:ZNX) 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.


Zincx Resources Cash, Cash Equivalents, Marketable Securities Related Terms

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Zincx Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zincx Resources Corp (TSXV:ZNX) » Definitions » Cash, Cash Equivalents, Marketable Securities
Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2050, PO Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3
Zincx Resources Corp is a mineral exploration company. The firm is engaged in the exploration and evaluation of resource properties in Canada. It holds an interest in the Akie Property and the Kechika Regional project in British Columbia, Canada.
Executives
Hari Varshney Senior Officer
Peeyush Kumar Varshney Director, Senior Officer
Francis Kenneth Macdonald Senior Officer
Debbie Lew Senior Officer

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