Alpha Exploration (TSXV:ALEX) Cash And Cash Equivalents : C$3.31 Mil (As of Mar. 2024)

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What is Alpha Exploration Cash And Cash Equivalents?

Alpha Exploration's quarterly cash and cash equivalents declined from Jun. 2023 (C$2.57 Mil) to Sep. 2023 (C$0.98 Mil) but then increased from Sep. 2023 (C$0.98 Mil) to Mar. 2024 (C$3.31 Mil).

Alpha Exploration's annual cash and cash equivalents declined from Dec. 2020 (C$2.42 Mil) to Dec. 2021 (C$1.15 Mil) and declined from Dec. 2021 (C$1.15 Mil) to Dec. 2022 (C$0.14 Mil).

Alpha Exploration Cash And Cash Equivalents Historical Data

The historical data trend for Alpha Exploration'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.

Alpha Exploration Cash And Cash Equivalents Chart

Alpha Exploration Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

2.42

1.15

0.14

Alpha Exploration Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									0.14	2.97	2.57	0.98	3.31

Alpha Exploration 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.

Alpha Exploration (TSXV:ALEX) 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.

Alpha Exploration Cash And Cash Equivalents Related Terms

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Alpha Exploration (TSXV:ALEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alpha Exploration Ltd (TSXV:ALEX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

J0C:Germany

Address

Wickams Cay 1, Tortola, 3rd Floor, Omar Hodge Building, P.O. Box 362, Tortola, Road Town, VGB

Website

https://alpha-exploration.com

Alpha Exploration Ltd is an exploration company focused on the discovery of gold and base metals deposits. It operates in a single project Kerkasha, which is located in Eritrea.

Executives

Berhane Soquar

Director or Senior Officer of 10% Security Holder