49 North Resources (TSXV:FNR) Cash And Cash Equivalents : C$0.06 Mil (As of Dec. 2023)

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What is 49 North Resources Cash And Cash Equivalents?

49 North Resources's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.07 Mil) to Sep. 2023 (C$0.08 Mil) but then stayed the same from Sep. 2023 (C$0.08 Mil) to Dec. 2023 (C$0.06 Mil).

49 North Resources's annual cash and cash equivalents declined from Dec. 2021 (C$0.33 Mil) to Dec. 2022 (C$0.05 Mil) but then increased from Dec. 2022 (C$0.05 Mil) to Dec. 2023 (C$0.06 Mil).

49 North Resources Cash And Cash Equivalents Historical Data

The historical data trend for 49 North Resources'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.

* Premium members only.

49 North Resources Cash And Cash Equivalents Chart

49 North Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.05

0.33

0.05

0.06

49 North Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.05	0.08	0.07	0.08	0.06

49 North Resources 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.

49 North Resources (TSXV:FNR) 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.

49 North Resources Cash And Cash Equivalents Related Terms

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49 North Resources (TSXV:FNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 49 North Resources Inc (TSXV:FNR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

FNINF:USA O49:Germany

Address

224 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.fnr.ca

49 North Resources Inc is a resource investment, financial, and managerial advisory company. Principally, it is engaged in the business of investing in a diversified portfolio of common shares and other securities of resource issuers. The company invests in assets mainly involved in the mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio.

Executives

Tom Macneill

10% Security Holder, Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

49 North Resources (TSXV:FNR) Headlines

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