Southern Cross Gold (ASX:SXG) Cash And Cash Equivalents : A$7.95 Mil (As of Nov. 2023)

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What is Southern Cross Gold Cash And Cash Equivalents?

Southern Cross Gold's quarterly cash and cash equivalents declined from Nov. 2022 (A$17.87 Mil) to May. 2023 (A$15.19 Mil) but then stayed the same from May. 2023 (A$15.19 Mil) to Nov. 2023 (A$7.95 Mil).

Southern Cross Gold's annual cash and cash equivalents stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to May. 2023 (A$15.19 Mil).

Southern Cross Gold Cash And Cash Equivalents Historical Data

The historical data trend for Southern Cross Gold's Cash And Cash Equivalents 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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Southern Cross Gold Cash And Cash Equivalents Chart

Southern Cross Gold Annual Data

Trend

May23

Cash And Cash Equivalents

15.19

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23
Cash And Cash Equivalents	10.79	17.87	15.19	7.95

Southern Cross Gold Cash And Cash Equivalents 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.

Southern Cross Gold (ASX:SXG) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Southern Cross Gold Cash And Cash Equivalents Related Terms

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Southern Cross Gold (ASX:SXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Ltd (ASX:SXG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Whroo, Redcastle, and Mt Isa.

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