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Goldstorm Metals (Goldstorm Metals) Cash And Cash Equivalents : $0.39 Mil (As of Sep. 2023)


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What is Goldstorm Metals Cash And Cash Equivalents?

Goldstorm Metals's quarterly cash and cash equivalents declined from Mar. 2023 ($1.80 Mil) to Jun. 2023 ($1.53 Mil) but then stayed the same from Jun. 2023 ($1.53 Mil) to Sep. 2023 ($0.39 Mil).

Goldstorm Metals's annual cash and cash equivalents stayed the same from . 20 ($0.00 Mil) to Mar. 2022 ($0.00 Mil) but then increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($1.80 Mil).


Goldstorm Metals Cash And Cash Equivalents Historical Data

The historical data trend for Goldstorm Metals'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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Goldstorm Metals Cash And Cash Equivalents Chart

Goldstorm Metals Annual Data
Trend Mar22 Mar23
Cash And Cash Equivalents
- 1.80

Goldstorm Metals Quarterly Data
Sep21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
Cash And Cash Equivalents Get a 7-Day Free Trial - 0.30 1.80 1.53 0.39

Goldstorm Metals 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.


Goldstorm Metals  (OTCPK:GSTMF) 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.


Goldstorm Metals Cash And Cash Equivalents Related Terms

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Goldstorm Metals (Goldstorm Metals) Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2
Goldstorm Metals Corp is a metal exploration company. The company is a New Precious Metals Explorer in the Golden Triangle of British Columbia that hosts gold deposits in world. The company is involved in the acquisition and exploration of mineral properties in Canada focused on Crown projects.

Goldstorm Metals (Goldstorm Metals) Headlines

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