We're Interested To See How Trilogy Metals (TSE:TMQ) Uses Its Cash Hoard To Grow [Yahoo! Finance]
Trilogy Metals Inc. (TMQ)
NASDAQ:AMEX Investor Relations:
trilogymetals.com/investor-center/stock-performance
Company Research
Source: Yahoo! Finance
So, the natural question for Trilogy Metals TSE:TMQ ) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn. When Might Trilogy Metals Run Out Of Money? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at May 2024, Trilogy Metals had cash of US$14m and no debt. In the last year, its cash burn was US$2.6m. Therefore, from May 2024 it had 5.3 years of cash runway. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. The image below shows how its cash balance has been changing over the last few years. How Is Trilogy Metals' Cash Burn Changing Over T
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TMQ
Earnings
- 7/10/24 - In-Line
TMQ
Sec Filings
- 11/19/24 - Form S-8
- 10/8/24 - Form 8-K
- 10/8/24 - Form 10-Q
- TMQ's page on the SEC website