Blue Star Gold (TSXV:BAU) Cash And Cash Equivalents : C$3.25 Mil (As of Feb. 2024)

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What is Blue Star Gold Cash And Cash Equivalents?

Blue Star Gold's quarterly cash and cash equivalents increased from Aug. 2023 (C$1.07 Mil) to Nov. 2023 (C$3.49 Mil) but then stayed the same from Nov. 2023 (C$3.49 Mil) to Feb. 2024 (C$3.25 Mil).

Blue Star Gold's annual cash and cash equivalents declined from Nov. 2021 (C$2.43 Mil) to Nov. 2022 (C$1.06 Mil) but then increased from Nov. 2022 (C$1.06 Mil) to Nov. 2023 (C$3.49 Mil).

Blue Star Gold Cash And Cash Equivalents Historical Data

The historical data trend for Blue Star 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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Blue Star Gold Cash And Cash Equivalents Chart

Blue Star Gold Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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0.10

0.13

2.43

1.06

3.49

Blue Star Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.45	2.20	1.07	3.49	3.25

Blue Star 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.

Blue Star Gold (TSXV:BAU) 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.

Blue Star Gold Cash And Cash Equivalents Related Terms

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Blue Star Gold (TSXV:BAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Star Gold Corp (TSXV:BAU) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

BAUFF:USA

Address

507 - 700 West Pender Street, Vancouver, BC, CAN, V6C 1G8

Website

https://www.bluestargold.ca

Blue Star Gold Corp is a Vancouver-based gold company focused on exploring and developing mineral projects in Canada. The company's project portfolio includes Nunavut, the Ulu gold project, and the Roma project. The company is focused on growing existing mineral resources at Ulu Property. The Hood River Property is the company's exploration stage and least explored property. The Hood River Property together with Ulu affords substantial exploration potential on confirmed known gold occurrences.

Executives

Darren Lindsay

Senior Officer

Blue Star Gold (TSXV:BAU) Headlines

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