Kirkland Lake Gold (Kirkland Lake Gold) Cash And Cash Equivalents : $822 Mil (As of Sep. 2021)

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What is Kirkland Lake Gold Cash And Cash Equivalents?

Kirkland Lake Gold's quarterly cash and cash equivalents increased from Mar. 2021 ($792.24 Mil) to Jun. 2021 ($858.37 Mil) but then stayed the same from Jun. 2021 ($858.37 Mil) to Sep. 2021 ($822.42 Mil).

Kirkland Lake Gold's annual cash and cash equivalents increased from Dec. 2018 ($332.23 Mil) to Dec. 2019 ($707.21 Mil) and increased from Dec. 2019 ($707.21 Mil) to Dec. 2020 ($847.64 Mil).

Kirkland Lake Gold Cash And Cash Equivalents Historical Data

The historical data trend for Kirkland Lake 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.

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Kirkland Lake Gold Cash And Cash Equivalents Chart

Kirkland Lake Gold Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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234.90

231.60

332.23

707.21

847.64

Kirkland Lake Gold Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash And Cash Equivalents	Get a 7-Day Free Trial															848.52	847.64	792.24	858.37	822.42

Kirkland Lake 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.

Kirkland Lake Gold (NYSE:KL) 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.

Kirkland Lake Gold Cash And Cash Equivalents Related Terms

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Kirkland Lake Gold (Kirkland Lake Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Gold Ltd (NYSE:KL) » Definitions » Cash And Cash Equivalents

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Address

200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1

Website

https://www.klgold.com

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.