Sandstorm Gold (Sandstorm Gold) Cash And Cash Equivalents : $5.0 Mil (As of Dec. 2023)

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What is Sandstorm Gold Cash And Cash Equivalents?

Sandstorm Gold's quarterly cash and cash equivalents declined from Jun. 2023 ($9.08 Mil) to Sep. 2023 ($3.47 Mil) but then increased from Sep. 2023 ($3.47 Mil) to Dec. 2023 ($5.00 Mil).

Sandstorm Gold's annual cash and cash equivalents declined from Dec. 2021 ($16.17 Mil) to Dec. 2022 ($7.03 Mil) and declined from Dec. 2022 ($7.03 Mil) to Dec. 2023 ($5.00 Mil).

Sandstorm Gold Cash And Cash Equivalents Historical Data

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

Sandstorm Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6.97

113.78

16.17

7.03

5.00

Sandstorm 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															7.03	5.39	9.08	3.47	5.00

Sandstorm 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.

Sandstorm Gold (NYSE:SAND) 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.

Sandstorm Gold Cash And Cash Equivalents Related Terms

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Sandstorm Gold (Sandstorm Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AYS1:Germany SSL:Canada

Address

400 Burrard Street, Suite 1400, Vancouver, BC, CAN, V6C 3A6

Website

https://www.sandstormgold.com

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through the gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm's royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.