Power Group Projects (TSXV:PGP) Cash And Cash Equivalents : C$0.03 Mil (As of Oct. 2023)

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What is Power Group Projects Cash And Cash Equivalents?

Power Group Projects's quarterly cash and cash equivalents declined from Apr. 2023 (C$0.05 Mil) to Jul. 2023 (C$0.01 Mil) but then increased from Jul. 2023 (C$0.01 Mil) to Oct. 2023 (C$0.03 Mil).

Power Group Projects's annual cash and cash equivalents increased from Jan. 2021 (C$0.02 Mil) to Jan. 2022 (C$0.68 Mil) but then declined from Jan. 2022 (C$0.68 Mil) to Jan. 2023 (C$0.07 Mil).

Power Group Projects Cash And Cash Equivalents Historical Data

The historical data trend for Power Group Projects'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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Power Group Projects Cash And Cash Equivalents Chart

Power Group Projects Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash And Cash Equivalents

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1.30

0.32

0.02

0.68

0.07

Power Group Projects Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.15	0.07	0.05	0.01	0.03

Power Group Projects 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.

Power Group Projects (TSXV:PGP) 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.

Power Group Projects Cash And Cash Equivalents Related Terms

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Power Group Projects (TSXV:PGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Power Group Projects Corp (TSXV:PGP) » Definitions » Cash And Cash Equivalents

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PGPGF:USA 9GCA:Germany

Address

999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2

Website

https://www.powergroupproject.com

Power Group Projects Corp is a Canadian company which is engaged in the acquisition and exploration of resource properties. The company owns an interest in Smith Cobalt Project, Canadian Cobalt Project, Ontario Cobalt Project and Little Trout Cobalt Project among others.

Power Group Projects (TSXV:PGP) Headlines

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