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Key Mining (Key Mining) Cash And Cash Equivalents : $0.75 Mil (As of Dec. 2023)


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What is Key Mining Cash And Cash Equivalents?

Key Mining's quarterly cash and cash equivalents declined from Jun. 2023 ($3.04 Mil) to Sep. 2023 ($2.09 Mil) but then stayed the same from Sep. 2023 ($2.09 Mil) to Dec. 2023 ($0.75 Mil).

Key Mining's annual cash and cash equivalents increased from Dec. 2021 ($1.02 Mil) to Dec. 2022 ($1.88 Mil) but then declined from Dec. 2022 ($1.88 Mil) to Dec. 2023 ($0.75 Mil).

Key Mining Cash And Cash Equivalents Historical Data

The historical data trend for Key Mining's Cash And Cash Equivalents 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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Key Mining Cash And Cash Equivalents Chart

Key Mining Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
1.02 1.88 0.75

Key Mining Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial - 1.88 3.04 2.09 0.75

Key Mining Cash And Cash Equivalents 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.

Key Mining  (AMEX:KMCM) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Key Mining Cash And Cash Equivalents Related Terms

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Key Mining (Key Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Key Mining Corp (AMEX:KMCM) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
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Address
701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131
Website
https://www.keyminingcorp.com
Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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