Denarius Metals (Denarius Metals) Cash, Cash Equivalents, Marketable Securities : $5.99 Mil (As of Mar. 2024)

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What is Denarius Metals Cash, Cash Equivalents, Marketable Securities?

Denarius Metals's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($1.48 Mil) to Dec. 2023 ($7.63 Mil) but then stayed the same from Dec. 2023 ($7.63 Mil) to Mar. 2024 ($5.99 Mil).

Denarius Metals's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($14.82 Mil) to Dec. 2022 ($1.39 Mil) but then increased from Dec. 2022 ($1.39 Mil) to Dec. 2023 ($7.63 Mil).

Denarius Metals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Denarius Metals's Cash, Cash Equivalents, Marketable Securities 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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Denarius Metals Cash, Cash Equivalents, Marketable Securities Chart

Denarius Metals Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

14.82

1.39

7.63

Denarius Metals Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										5.82	5.29	1.48	7.63	5.99

Denarius Metals Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Denarius Metals (OTCPK:DNRSF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Denarius Metals Cash, Cash Equivalents, Marketable Securities Related Terms

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Denarius Metals (Denarius Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Denarius Metals Corp (OTCPK:DNRSF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

T7C:Germany DSLV:Canada

Address

401 Bay Street, Suite 2400, PO Box 15, Toronto, ON, CAN, M5H 2Y4

Website

https://www.denariusmetals.com

Denarius Metals Corp is engaged in the acquisition, exploration, development, and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.