TinOne Resources (TSXV:TORC) Cash And Cash Equivalents : C$0.08 Mil (As of Mar. 2024)

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What is TinOne Resources Cash And Cash Equivalents?

TinOne Resources's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.29 Mil) to Dec. 2023 (C$0.12 Mil) but then stayed the same from Dec. 2023 (C$0.12 Mil) to Mar. 2024 (C$0.08 Mil).

TinOne Resources's annual cash and cash equivalents increased from Jun. 2021 (C$0.04 Mil) to Jun. 2022 (C$2.02 Mil) but then declined from Jun. 2022 (C$2.02 Mil) to Jun. 2023 (C$0.58 Mil).

TinOne Resources Cash And Cash Equivalents Historical Data

The historical data trend for TinOne 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.

TinOne Resources Cash And Cash Equivalents Chart

TinOne Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.09

0.04

2.02

0.58

TinOne Resources Quarterly Data
	Jun19	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial										-	0.58	0.29	0.12	0.08

TinOne 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.

TinOne Resources (TSXV:TORC) 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.

TinOne Resources Cash And Cash Equivalents Related Terms

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TinOne Resources (TSXV:TORC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TinOne Resources Inc (TSXV:TORC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TORCF:USA 57Z0:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E 3V7

Website

https://www.tinone.ca

TinOne Resources Inc is a mining exploration company. Its mineral exploration activities are focused on underexplored regions in Eastern Australia and New Zealand with an immediate strategy to assemble a portfolio of high-quality gold assets. The company's projects include the Panama Gold Project, Great Pyramid Tin Project, Aberfoyle Tin Project, NSW Tin Projects, and Otago Goldfields Applications.