First Mining Gold (FRA:FMG) Cash And Cash Equivalents : €5.26 Mil (As of Mar. 2024)

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What is First Mining Gold Cash And Cash Equivalents?

First Mining Gold's quarterly cash and cash equivalents increased from Sep. 2023 (€1.35 Mil) to Dec. 2023 (€8.35 Mil) but then stayed the same from Dec. 2023 (€8.35 Mil) to Mar. 2024 (€5.26 Mil).

First Mining Gold's annual cash and cash equivalents declined from Dec. 2021 (€20.41 Mil) to Dec. 2022 (€9.42 Mil) and declined from Dec. 2022 (€9.42 Mil) to Dec. 2023 (€8.35 Mil).

First Mining Gold Cash And Cash Equivalents Historical Data

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

First Mining Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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4.03

18.55

20.41

9.42

8.35

First Mining Gold 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															4.72	3.64	1.35	8.35	5.26

First Mining Gold 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.

First Mining Gold (FRA:FMG) 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.

First Mining Gold Cash And Cash Equivalents Related Terms

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First Mining Gold (FRA:FMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Mining Gold Corp (FRA:FMG) » Definitions » Cash And Cash Equivalents

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FFMGF:USA FF:Canada

Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

http://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

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