American Pacific Mining (XCNQ:USGD) Cash And Cash Equivalents : C$2.86 Mil (As of Dec. 2023)

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What is American Pacific Mining Cash And Cash Equivalents?

American Pacific Mining's quarterly cash and cash equivalents declined from Jun. 2023 (C$5.92 Mil) to Sep. 2023 (C$3.16 Mil) but then stayed the same from Sep. 2023 (C$3.16 Mil) to Dec. 2023 (C$2.86 Mil).

American Pacific Mining's annual cash and cash equivalents declined from Dec. 2021 (C$15.09 Mil) to Dec. 2022 (C$6.04 Mil) and declined from Dec. 2022 (C$6.04 Mil) to Dec. 2023 (C$2.86 Mil).

American Pacific Mining Cash And Cash Equivalents Historical Data

The historical data trend for American Pacific 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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American Pacific Mining Cash And Cash Equivalents Chart

American Pacific Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.51

1.47

15.09

6.04

2.86

American Pacific Mining 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															6.04	4.06	5.92	3.16	2.86

American Pacific 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.

American Pacific Mining (XCNQ:USGD) 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.

American Pacific Mining Cash And Cash Equivalents Related Terms

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American Pacific Mining (XCNQ:USGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Pacific Mining Corp (XCNQ:USGD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

USGDF:USA 1QC1:Germany

Address

510 Burrard Street, Suite 910, Vancouver, BC, CAN, V6C 3A8

Website

https://www.americanpacific.ca

American Pacific Mining Corp is engaged in the business of mineral exploration and development. The company's only reportable segment is the exploration and evaluation of mineral properties. Its project holdings include Tuscarora located in Nevada, USA, South Lida located in the south-central part of Esmeralda County, Nevada, and Gooseberry project.

Executives

Joness Lang

Director, Senior Officer

American Pacific Mining (XCNQ:USGD) Headlines

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