Omega Pacific Resources (XCNQ:OMGA) Cash And Cash Equivalents : C$0.32 Mil (As of Jan. 2024)

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What is Omega Pacific Resources Cash And Cash Equivalents?

Omega Pacific Resources's quarterly cash and cash equivalents declined from Apr. 2023 (C$0.45 Mil) to Jul. 2023 (C$0.39 Mil) but then stayed the same from Jul. 2023 (C$0.39 Mil) to Jan. 2024 (C$0.32 Mil).

Omega Pacific Resources's annual cash and cash equivalents stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Oct. 2022 (C$0.51 Mil).

Omega Pacific Resources Cash And Cash Equivalents Historical Data

The historical data trend for Omega Pacific 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.

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Omega Pacific Resources Cash And Cash Equivalents Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Cash And Cash Equivalents

0.51

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Cash And Cash Equivalents	0.48	0.45	0.39	0.32

Omega Pacific 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.

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources Cash And Cash Equivalents Related Terms

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Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.