EV Nickel (EV Nickel) Cash, Cash Equivalents, Marketable Securities : $5.02 Mil (As of Mar. 2024)

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What is EV Nickel Cash, Cash Equivalents, Marketable Securities?

EV Nickel's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($0.89 Mil) to Dec. 2023 ($0.99 Mil) and increased from Dec. 2023 ($0.99 Mil) to Mar. 2024 ($5.02 Mil).

EV Nickel's annual cash, cash equivalents, marketable securities increased from Jun. 2021 ($1.13 Mil) to Jun. 2022 ($1.20 Mil) but then declined from Jun. 2022 ($1.20 Mil) to Jun. 2023 ($0.11 Mil).

EV Nickel Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for EV Nickel'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.

* Premium members only.

EV Nickel Cash, Cash Equivalents, Marketable Securities Chart

EV Nickel Annual Data

Trend

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

1.13

1.20

0.11

EV Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								0.26	0.11	0.89	0.99	5.02

EV Nickel 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.

EV Nickel (OTCPK:EVNIF) 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.

EV Nickel Cash, Cash Equivalents, Marketable Securities Related Terms

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EV Nickel (EV Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (OTCPK:EVNIF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

JR1:Germany EVNI:Canada

Address

150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9

Website

https://www.evnickel.com

EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.