California Gold Mining (California Gold Mining) Cash And Cash Equivalents : $0.14 Mil (As of May. 2021)

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What is California Gold Mining Cash And Cash Equivalents?

California Gold Mining's quarterly cash and cash equivalents declined from Nov. 2020 ($0.30 Mil) to Feb. 2021 ($0.03 Mil) but then increased from Feb. 2021 ($0.03 Mil) to May. 2021 ($0.14 Mil).

California Gold Mining's annual cash and cash equivalents declined from Aug. 2018 ($0.63 Mil) to Aug. 2019 ($0.05 Mil) and declined from Aug. 2019 ($0.05 Mil) to Aug. 2020 ($0.01 Mil).

California Gold Mining Cash And Cash Equivalents Historical Data

The historical data trend for California Gold Mining'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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California Gold Mining Cash And Cash Equivalents Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Cash And Cash Equivalents

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0.17

0.63

0.05

0.01

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.05	0.01	0.30	0.03	0.14

California Gold Mining 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.

California Gold Mining (OTCPK:CFGMF) 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.

California Gold Mining Cash And Cash Equivalents Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

N/A

Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.