Magna Gold (Magna Gold) Cash And Cash Equivalents : $0.09 Mil (As of Sep. 2022)

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What is Magna Gold Cash And Cash Equivalents?

Magna Gold's quarterly cash and cash equivalents increased from Mar. 2022 ($0.28 Mil) to Jun. 2022 ($1.37 Mil) but then stayed the same from Jun. 2022 ($1.37 Mil) to Sep. 2022 ($0.09 Mil).

Magna Gold's annual cash and cash equivalents declined from Mar. 2019 ($1.21 Mil) to Mar. 2020 ($0.16 Mil) but then increased from Mar. 2020 ($0.16 Mil) to Dec. 2021 ($2.07 Mil).

Magna Gold Cash And Cash Equivalents Historical Data

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

Magna Gold Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Cash And Cash Equivalents

1.82

1.21

0.16

2.07

Magna Gold Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash And Cash Equivalents	Get a 7-Day Free Trial														6.86	2.07	0.28	1.37	0.09

Magna 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.

Magna Gold (OTCPK:MGLQF) 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.

Magna Gold Cash And Cash Equivalents Related Terms

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Magna Gold (Magna Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.magnagoldcorp.com

Magna Gold Corp is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima, Mercedes, and others. The majority of its revenue comes from sales of Gold.