Mandalay Resources (TSX:MND) Cash And Cash Equivalents : C$63.8 Mil (As of Mar. 2024)

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What is Mandalay Resources Cash And Cash Equivalents?

Mandalay Resources's quarterly cash and cash equivalents increased from Sep. 2023 (C$29.43 Mil) to Dec. 2023 (C$36.03 Mil) and increased from Dec. 2023 (C$36.03 Mil) to Mar. 2024 (C$63.77 Mil).

Mandalay Resources's annual cash and cash equivalents increased from Dec. 2021 (C$39.35 Mil) to Dec. 2022 (C$52.14 Mil) but then declined from Dec. 2022 (C$52.14 Mil) to Dec. 2023 (C$36.03 Mil).

Mandalay Resources Cash And Cash Equivalents Historical Data

The historical data trend for Mandalay 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.

Mandalay Resources Cash And Cash Equivalents Chart

Mandalay Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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32.21

43.81

39.35

52.14

36.03

Mandalay Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															46.81	43.53	29.43	36.03	63.77

Mandalay 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.

Mandalay Resources (TSX:MND) 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.

Mandalay Resources Cash And Cash Equivalents Related Terms

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Mandalay Resources (TSX:MND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (TSX:MND) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MNDJF:USA R7X2:Germany

Address

76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a Canadian-based natural resource corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The company focuses on growing its production and reducing costs at its gold and antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.

Executives

Frazer William Bourchier

Senior Officer

Mandalay Resources (TSX:MND) Headlines

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