Elevation Gold Mining (Elevation Gold Mining) Cash And Cash Equivalents : $1.47 Mil (As of Dec. 2023)

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What is Elevation Gold Mining Cash And Cash Equivalents?

Elevation Gold Mining's quarterly cash and cash equivalents declined from Jun. 2023 ($2.06 Mil) to Sep. 2023 ($1.59 Mil) but then stayed the same from Sep. 2023 ($1.59 Mil) to Dec. 2023 ($1.47 Mil).

Elevation Gold Mining's annual cash and cash equivalents increased from Dec. 2021 ($1.07 Mil) to Dec. 2022 ($3.32 Mil) but then declined from Dec. 2022 ($3.32 Mil) to Dec. 2023 ($1.47 Mil).

Elevation Gold Mining Cash And Cash Equivalents Historical Data

The historical data trend for Elevation 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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Elevation Gold Mining Cash And Cash Equivalents Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3.44

6.79

1.07

3.32

1.47

Elevation Gold Mining 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															3.32	2.45	2.06	1.59	1.47

Elevation 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.

Elevation Gold Mining (OTCPK:EVGDF) 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.

Elevation Gold Mining Cash And Cash Equivalents Related Terms

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Elevation Gold Mining (Elevation Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elevation Gold Mining Corp (OTCPK:EVGDF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

54NA:Germany ELVT:Canada

Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The firm is focused on the reactivation of its Moss Mine Project. The company operates through a single segment which is the acquisition, exploration, development and production of precious metals.. It generates revenue from the sale of gold and silver.