Getchell Gold (XCNQ:GTCH) Cash, Cash Equivalents, Marketable Securities : C$0.81 Mil (As of Dec. 2023)

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

Getchell Gold's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 (C$0.32 Mil) to Sep. 2023 (C$0.17 Mil) but then increased from Sep. 2023 (C$0.17 Mil) to Dec. 2023 (C$0.81 Mil).

Getchell Gold's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (C$1.77 Mil) to Mar. 2022 (C$3.70 Mil) but then declined from Mar. 2022 (C$3.70 Mil) to Mar. 2023 (C$0.32 Mil).

Getchell Gold Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Getchell Gold'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.

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Getchell Gold Cash, Cash Equivalents, Marketable Securities Chart

Getchell Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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0.51

0.81

1.77

3.70

0.32

Getchell Gold Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.47	0.84	0.32	0.17	0.81

Getchell Gold 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.

Getchell Gold (XCNQ:GTCH) 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.

Getchell Gold Cash, Cash Equivalents, Marketable Securities Related Terms

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Getchell Gold (XCNQ:GTCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Getchell Gold Corp (XCNQ:GTCH) » Definitions » Cash, Cash Equivalents, Marketable Securities

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GGLDF:USA GGA1:Germany

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.getchellgold.com

Getchell Gold Corp is a resource company committed to responsible exploration focused on gold and copper in Nevada. The company's projects are Fondaway canyon, Star, Dixie comstock, and Hot springs peak projects. Getchell Gold is directing its efforts on Fondaway Canyon, a past gold producer with an in-the-ground historic resources, and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Along with Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

Executives