MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Cash, Cash Equivalents, Marketable Securities : $0.05 Mil (As of Mar. 2021)

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What is MMX Mineracao E Metalicos Cash, Cash Equivalents, Marketable Securities?

MMX Mineracao E Metalicos's quarterly cash, cash equivalents, marketable securities declined from Sep. 2020 ($0.01 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Mar. 2021 ($0.05 Mil).

MMX Mineracao E Metalicos's annual cash, cash equivalents, marketable securities increased from Dec. 2018 ($0.01 Mil) to Dec. 2019 ($0.29 Mil) but then declined from Dec. 2019 ($0.29 Mil) to Dec. 2020 ($0.00 Mil).

MMX Mineracao E Metalicos Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MMX Mineracao E Metalicos'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.

MMX Mineracao E Metalicos Cash, Cash Equivalents, Marketable Securities Chart

MMX Mineracao E Metalicos Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

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1.07

0.02

0.01

0.29

MMX Mineracao E Metalicos Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.15	0.03	0.01	-	0.05

MMX Mineracao E Metalicos 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.

MMX Mineracao E Metalicos (GREY:MMXXF) 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.

MMX Mineracao E Metalicos Cash, Cash Equivalents, Marketable Securities Related Terms

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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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