Gold Flora (Gold Flora) Cash And Cash Equivalents : $22.54 Mil (As of Dec. 2023)

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What is Gold Flora Cash And Cash Equivalents?

Gold Flora's quarterly cash and cash equivalents increased from Dec. 2022 ($5.22 Mil) to Sep. 2023 ($32.30 Mil) but then stayed the same from Sep. 2023 ($32.30 Mil) to Dec. 2023 ($22.54 Mil).

Gold Flora's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2022 ($5.22 Mil) and increased from Dec. 2022 ($5.22 Mil) to Dec. 2023 ($22.54 Mil).

Gold Flora Cash And Cash Equivalents Historical Data

The historical data trend for Gold Flora'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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Gold Flora Cash And Cash Equivalents Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Cash And Cash Equivalents

5.22

22.54

Gold Flora Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Cash And Cash Equivalents	-	5.22	32.30	22.54

Gold Flora 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.

Gold Flora (OTCPK:GRAM) 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.

Gold Flora Cash And Cash Equivalents Related Terms

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Gold Flora (Gold Flora) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GRAM:Canada

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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