Argonaut Gold (FRA:A8U) Cash And Cash Equivalents : €76.8 Mil (As of Dec. 2023)

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What is Argonaut Gold Cash And Cash Equivalents?

Argonaut Gold's quarterly cash and cash equivalents declined from Jun. 2023 (€66.27 Mil) to Sep. 2023 (€42.04 Mil) but then increased from Sep. 2023 (€42.04 Mil) to Dec. 2023 (€76.83 Mil).

Argonaut Gold's annual cash and cash equivalents declined from Dec. 2021 (€176.32 Mil) to Dec. 2022 (€69.15 Mil) but then increased from Dec. 2022 (€69.15 Mil) to Dec. 2023 (€76.83 Mil).

Argonaut Gold Cash And Cash Equivalents Historical Data

The historical data trend for Argonaut 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.

* Premium members only.

Argonaut Gold Cash And Cash Equivalents Chart

Argonaut Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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34.91

176.06

176.32

69.15

76.83

Argonaut Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															69.15	54.55	66.27	42.04	76.83

Argonaut 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.

Argonaut Gold (FRA:A8U) 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.

Argonaut Gold Cash And Cash Equivalents Related Terms

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Argonaut Gold (FRA:A8U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (FRA:A8U) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ARNGF:USA A8U:Germany AR:Canada

Address

9600 Prototype Court, Reno, NV, USA, 89521

Website

https://www.argonautgold.com

Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

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