Gold Royalty (Gold Royalty) Cash, Cash Equivalents, Marketable Securities : $2.25 Mil (As of Mar. 2024)

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What is Gold Royalty Cash, Cash Equivalents, Marketable Securities?

Gold Royalty's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($3.85 Mil) to Dec. 2023 ($1.79 Mil) but then increased from Dec. 2023 ($1.79 Mil) to Mar. 2024 ($2.25 Mil).

Gold Royalty's annual cash, cash equivalents, marketable securities increased from Sep. 2021 ($11.02 Mil) to Sep. 2022 ($14.25 Mil) but then declined from Sep. 2022 ($14.25 Mil) to Dec. 2023 ($1.79 Mil).

Gold Royalty Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gold Royalty's Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

Gold Royalty Cash, Cash Equivalents, Marketable Securities Chart

Gold Royalty Annual Data

Trend

Sep20

Sep21

Sep22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.04

11.02

14.25

1.79

Gold Royalty Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										9.80	5.78	3.85	1.79	2.25

Gold Royalty Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Gold Royalty (AMEX:GROY) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Gold Royalty Cash, Cash Equivalents, Marketable Securities Related Terms

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Gold Royalty (Gold Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Royalty Corp (AMEX:GROY) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

6LS0:Germany

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldroyalty.com

Gold Royalty Corp is a precious metals-focused royalty and streaming company. It offers creative financing solutions to the metals and mining industry. The company's mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for investors. It has its business as a single operating segment, being the investment in royalty and mineral stream interests.