Amerigo Resources (TSX:ARG) Cash And Cash Equivalents : C$21.8 Mil (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Amerigo Resources Cash And Cash Equivalents?

Amerigo Resources's quarterly cash and cash equivalents declined from Jun. 2023 (C$42.08 Mil) to Sep. 2023 (C$17.77 Mil) but then increased from Sep. 2023 (C$17.77 Mil) to Dec. 2023 (C$21.80 Mil).

Amerigo Resources's annual cash and cash equivalents declined from Dec. 2021 (C$76.53 Mil) to Dec. 2022 (C$51.38 Mil) and declined from Dec. 2022 (C$51.38 Mil) to Dec. 2023 (C$21.80 Mil).

Amerigo Resources Cash And Cash Equivalents Historical Data

The historical data trend for Amerigo Resources'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.

* Premium members only.

Amerigo Resources Cash And Cash Equivalents Chart

Amerigo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

1.40

10.23

76.53

51.38

21.80

Amerigo Resources 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															51.38	60.10	42.08	17.77	21.80

Amerigo Resources 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.

Amerigo Resources (TSX:ARG) 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.

Amerigo Resources Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Amerigo Resources's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Amerigo Resources (TSX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (TSX:ARG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ARREF:USA RE8:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

Amerigo Resources (TSX:ARG) Headlines

No Headlines