Colibri Resource (TSXV:CBI) Cash And Cash Equivalents : C$0.03 Mil (As of Mar. 2024)

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What is Colibri Resource Cash And Cash Equivalents?

Colibri Resource's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.11 Mil) to Sep. 2023 (C$0.34 Mil) but then stayed the same from Sep. 2023 (C$0.34 Mil) to Mar. 2024 (C$0.03 Mil).

Colibri Resource's annual cash and cash equivalents declined from Nov. 2019 (C$0.35 Mil) to Nov. 2020 (C$0.34 Mil) and declined from Nov. 2020 (C$0.34 Mil) to Dec. 2022 (C$0.08 Mil).

Colibri Resource Cash And Cash Equivalents Historical Data

The historical data trend for Colibri Resource'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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Colibri Resource Cash And Cash Equivalents Chart

Colibri Resource Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec22

Cash And Cash Equivalents

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0.05

0.02

0.35

0.34

0.08

Colibri Resource Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.08	0.13	0.11	0.34	0.03

Colibri Resource 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.

Colibri Resource (TSXV:CBI) 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.

Colibri Resource Cash And Cash Equivalents Related Terms

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Colibri Resource (TSXV:CBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colibri Resource Corp (TSXV:CBI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CRUCF:USA

Address

105 Englehart Street, Suite 700, Dieppe, NB, CAN, E1A 8K2

Website

https://www.colibriresource.com

Colibri Resource Corp is a mineral resource exploration company. It is engaged in the process of acquiring and exploring precious mineral properties in Mexico. The properties of the company are Evelyn Gold, Diamante Gold & Silver, Pilar & Silver, Mezquite Gold, and Jackie Gold & Silver. The company operates in one reportable business segment, being the acquisition and exploration of mineral properties.

Executives

Ian Mcgavney

Senior Officer