Volta Metals (XCNQ:VLTA) Cash, Cash Equivalents, Marketable Securities : C$0.38 Mil (As of Mar. 2024)

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What is Volta Metals Cash, Cash Equivalents, Marketable Securities?

Volta Metals's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (C$0.88 Mil) to Dec. 2023 (C$0.30 Mil) but then increased from Dec. 2023 (C$0.30 Mil) to Mar. 2024 (C$0.38 Mil).

Volta Metals's annual cash, cash equivalents, marketable securities increased from . 20 (C$0.00 Mil) to Dec. 2022 (C$0.02 Mil) and increased from Dec. 2022 (C$0.02 Mil) to Dec. 2023 (C$0.30 Mil).

Volta Metals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Volta 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.

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Volta Metals Cash, Cash Equivalents, Marketable Securities Chart

Volta Metals Annual Data

Trend

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.02

0.30

Volta Metals Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.02	1.57	0.88	0.30	0.38

Volta 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.

Volta Metals (XCNQ:VLTA) 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.

Volta Metals Cash, Cash Equivalents, Marketable Securities Related Terms

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Volta Metals (XCNQ:VLTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volta Metals Ltd (XCNQ:VLTA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

D0W:Germany

Address

390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2

Website

https://www.voltametals.ca

Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.

Executives

Kerem Usenmez

Senior Officer