Hercules Silver (TSXV:BIG) Cash, Cash Equivalents, Marketable Securities : C$24.29 Mil (As of Mar. 2024)

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What is Hercules Silver Cash, Cash Equivalents, Marketable Securities?

Hercules Silver's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (C$2.59 Mil) to Dec. 2023 (C$24.58 Mil) but then stayed the same from Dec. 2023 (C$24.58 Mil) to Mar. 2024 (C$24.29 Mil).

Hercules Silver's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (C$1.84 Mil) to Dec. 2022 (C$1.80 Mil) but then increased from Dec. 2022 (C$1.80 Mil) to Dec. 2023 (C$24.58 Mil).

Hercules Silver Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Hercules Silver'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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Hercules Silver Cash, Cash Equivalents, Marketable Securities Chart

Hercules Silver Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.27

0.69

1.84

1.80

24.58

Hercules Silver Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												1.80	2.32	2.59	24.58	24.29

Hercules Silver 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.

Hercules Silver (TSXV:BIG) 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.

Hercules Silver Cash, Cash Equivalents, Marketable Securities Related Terms

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Hercules Silver (TSXV:BIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hercules Silver Corp (TSXV:BIG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

BADEF:USA 8Q7:Germany

Address

100 King Street West, Suite 1600, 1 First Canadian Place, Toronto, ON, CAN, M5X 1G5

Website

https://www.herculessilver.com

Hercules Silver Corp is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The company is focused on the exploration and development of a large-scale disseminated silver-lead-zinc system at Hercules with over 28,000 meters of historical drilling and a newly discovered copper porphyry target which adds scale and discovery potential to the system.

Executives

Kelly James Malcolm

Director