Luna Gold (Luna Gold) Cash And Cash Equivalents : $9.28 Mil (As of Sep. 2016)

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What is Luna Gold Cash And Cash Equivalents?

Luna Gold's quarterly cash and cash equivalents increased from Mar. 2016 ($2.59 Mil) to Jun. 2016 ($3.54 Mil) and increased from Jun. 2016 ($3.54 Mil) to Sep. 2016 ($9.28 Mil).

Luna Gold's annual cash and cash equivalents declined from Dec. 2013 ($5.98 Mil) to Dec. 2014 ($3.69 Mil) but then increased from Dec. 2014 ($3.69 Mil) to Dec. 2015 ($7.46 Mil).

Luna Gold Cash And Cash Equivalents Historical Data

The historical data trend for Luna 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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Luna Gold Cash And Cash Equivalents Chart

Luna Gold Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash And Cash Equivalents

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35.65

19.33

5.98

3.69

7.46

Luna Gold Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash And Cash Equivalents	Get a 7-Day Free Trial															10.68	7.46	2.59	3.54	9.28

Luna 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.

Luna Gold (OTCPK:LGCUF) 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.

Luna Gold Cash And Cash Equivalents Related Terms

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Luna Gold (Luna Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Luna Gold Corp (OTCPK:LGCUF) » Definitions » Cash And Cash Equivalents

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Address

Website

http://www.lunagold.com

Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The Company faces competition from a number of large established companies with substantial capabilities, and greater financial and technical resources than the Company. The exploration and development activities related to the mining operations are subject to various federal, provincial and local laws governing prospecting, development, production, taxes, labour standards and occupational health, mine safety, toxic substance and other matters.

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