How much cash does Mesabi Trust have?

According to Mesabi Trust's latest annual financial reports, the company has a total of $23.98M in cash and cash equivalents. This amount includes all liquid assets that can be readily converted into cash.

Additionally, Mesabi Trust holds $- in short-term investments, which are highly liquid assets that can be easily converted into cash within a short period.

In total, the company has $23.98M when combining cash and cash equivalents with short-term investments.

On a per-share basis, Mesabi Trust has $1.83 in cash. This metric helps investors understand how much cash the company holds per outstanding share.

The company's free cash flow, which is the cash generated from operations after deducting capital expenditures, stands at $14.61M. This is an important indicator of financial health, showing the cash available for distribution to shareholders or reinvestment into the company.

Lastly, the company's cash position has experienced a growth rate of 71.70%, reflecting the increase in cash and cash equivalents over the specified period.

Mesabi Trust Historical Cash on Hand

Cash on Hand History

The table below shows the amount of cash on hand for each year, with the latest data available for the last fiscal year 2024.

Year	Cash on Hand	Change
2024	$23.98M	71.70%
2023	$13.97M	-70.74%
2022	$47.73M	281.79%
2021	$12.50M	22.83%
2020	$10.18M	1054.18%
2019	$881.81K	180.09%
2018	$314.83K	-97.70%
2017	$13.70M	429.35%
2016	$2.59M	-70.32%
2015	$8.72M	12.93%
2014	$7.72M	14.75%
2013	$6.73M	-34.39%
2012	$10.25M	17.94%
2011	$8.69M	2.95%
2010	$8.44M	274.64%
2009	$2.25M	-67.61%
2008	$6.96M	63.44%
2007	$4.26M	-33.24%
2006	$6.38M	60.62%
2005	$3.97M	3923.50%
2004	$98.69K	-96.08%
2003	$2.52M	105.64%
2002	$1.22M	-37.20%
2001	$1.95M	3712.88%
2000	$51.08K	-97.59%
1999	$2.12M	-41.36%
1998	$3.61M	392843.46%
1997	$918	-90.00%
1996	$9.18K	N/A
1995	$-	N/A
1994	$-	N/A
1993	$-	N/A
1992	$-	N/A
1991	$-	N/A
1990	$-	N/A
1989	$-	N/A
1988	$-	N/A
1987	$-	N/A
1986	$-	N/A