Peak Minerals (XCNQ:PEK) Cash And Cash Equivalents : C$0.01 Mil (As of Dec. 2023)

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What is Peak Minerals Cash And Cash Equivalents?

Peak Minerals's quarterly cash and cash equivalents declined from Jun. 2023 (C$0.02 Mil) to Sep. 2023 (C$0.02 Mil) but then stayed the same from Sep. 2023 (C$0.02 Mil) to Dec. 2023 (C$0.01 Mil).

Peak Minerals's annual cash and cash equivalents increased from Sep. 2021 (C$0.16 Mil) to Sep. 2022 (C$0.33 Mil) but then declined from Sep. 2022 (C$0.33 Mil) to Sep. 2023 (C$0.02 Mil).

Peak Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Peak Minerals'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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Peak Minerals Cash And Cash Equivalents Chart

Peak Minerals Annual Data

Trend

Sep21

Sep22

Sep23

Cash And Cash Equivalents

0.16

0.33

0.02

Peak Minerals Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.17	0.13	0.02	0.02	0.01

Peak Minerals 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.

Peak Minerals (XCNQ:PEK) 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.

Peak Minerals Cash And Cash Equivalents Related Terms

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Peak Minerals (XCNQ:PEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Peak Minerals Ltd (XCNQ:PEK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Peak Minerals Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. The company's properties include Aida Property consists located on the Shuswap Highland within the Kamloops Mining Division.