Conroy Gold and Natural Resources (Conroy Gold and Natural Resources) Cash And Cash Equivalents : $0.28 Mil (As of Nov. 2023)

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What is Conroy Gold and Natural Resources Cash And Cash Equivalents?

Conroy Gold and Natural Resources's quarterly cash and cash equivalents declined from Nov. 2022 ($0.98 Mil) to May. 2023 ($0.61 Mil) but then stayed the same from May. 2023 ($0.61 Mil) to Nov. 2023 ($0.28 Mil).

Conroy Gold and Natural Resources's annual cash and cash equivalents declined from May. 2021 ($1.84 Mil) to May. 2022 ($1.29 Mil) and declined from May. 2022 ($1.29 Mil) to May. 2023 ($0.61 Mil).

Conroy Gold and Natural Resources Cash And Cash Equivalents Historical Data

The historical data trend for Conroy Gold and Natural 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.

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Conroy Gold and Natural Resources Cash And Cash Equivalents Chart

Conroy Gold and Natural Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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0.09

0.13

1.84

1.29

0.61

Conroy Gold and Natural Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.85	1.29	0.98	0.61	0.28

Conroy Gold and Natural 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.

Conroy Gold and Natural Resources (OTCPK:CGDNF) 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.

Conroy Gold and Natural Resources Cash And Cash Equivalents Related Terms

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Conroy Gold and Natural Resources (Conroy Gold and Natural Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Conroy Gold and Natural Resources PLC (OTCPK:CGDNF) » Definitions » Cash And Cash Equivalents

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CGNR:UK

Address

3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21

Website

http://www.conroygold.com

Conroy Gold and Natural Resources PLC is a mineral exploration company. It is focused on the exploration and development of gold and a hundred per cent owned licenses in Ireland, within the Longford-Down Massif deposit. The firm's main objective is to make substantial returns for shareholders through the discovery and development of economic gold deposits in the North of Ireland and in Northern Finland. Its projects include gold antimony results from Clontibret, new gold mineralization at Glenish and gold-in bedrock at Slieve Glah. The business operates in two segments being Irish exploration assets: gold exploration assets in Ireland; and Finnish exploration assets: gold exploration assets in Finland.

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