Medgold Resources (TSXV:MED) Cash, Cash Equivalents, Marketable Securities : C$0.06 Mil (As of Sep. 2023)

View and export this data going back to 1982. Start your Free Trial

What is Medgold Resources Cash, Cash Equivalents, Marketable Securities?

Medgold Resources's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 (C$0.06 Mil) to Jun. 2023 (C$0.06 Mil) but then stayed the same from Jun. 2023 (C$0.06 Mil) to Sep. 2023 (C$0.06 Mil).

Medgold Resources's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (C$1.29 Mil) to Dec. 2021 (C$0.40 Mil) and declined from Dec. 2021 (C$0.40 Mil) to Dec. 2022 (C$0.09 Mil).

Medgold Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Medgold Resources'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.

Medgold Resources Cash, Cash Equivalents, Marketable Securities Chart

Medgold Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

1.44

0.70

1.29

0.40

0.09

Medgold Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.17	0.09	0.06	0.06	0.06

Medgold Resources 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.

Medgold Resources (TSXV:MED) 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.

Medgold Resources Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Medgold Resources's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Medgold Resources (TSXV:MED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Medgold Resources Corp (TSXV:MED) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.medgoldresources.com

Medgold Resources Corp is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of resource and precious base metal properties. The company's geographical segments include Canada, Serbia and Others. Its project consists of the Tlamino gold project which is located in the Serbo-Macedonian massif which is a north-south belt, extending southwards through Macedonia and Bulgaria and into Greece. The Tlamino project comprises two contiguous licenses namely Donje Lamino and Surlica-Dukat and Ljubata Project.