GCFFF (Goldcliff Resource) Cash And Cash Equivalents : $0.01 Mil (As of Jul. 2024)

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What is Goldcliff Resource Cash And Cash Equivalents?

Goldcliff Resource's quarterly cash and cash equivalents increased from Jan. 2024 ($0.02 Mil) to Apr. 2024 ($0.02 Mil) but then stayed the same from Apr. 2024 ($0.02 Mil) to Jul. 2024 ($0.01 Mil).

Goldcliff Resource's annual cash and cash equivalents declined from Oct. 2021 ($0.35 Mil) to Oct. 2022 ($0.07 Mil) and declined from Oct. 2022 ($0.07 Mil) to Oct. 2023 ($0.02 Mil).

Goldcliff Resource Cash And Cash Equivalents Historical Data

The historical data trend for Goldcliff Resource'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.

Goldcliff Resource Cash And Cash Equivalents Chart

Goldcliff Resource Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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0.67

0.77

0.35

0.07

0.02

Goldcliff Resource Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.05	0.02	0.02	0.02	0.01

Goldcliff Resource 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.

Goldcliff Resource (OTCPK:GCFFF) 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.

Goldcliff Resource Cash And Cash Equivalents Related Terms

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Goldcliff Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcliff Resource Corp (OTCPK:GCFFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GCN:Canada

Address

789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2

Website

http://www.goldcliff.com

Goldcliff Resource Corp is a mine development company based in Canada. The company is engaged in the acquisition, exploration, evaluation, and development of mineral assets in the United States and Canada. The company owns an interest in the Panorama Ridge gold project, Pine Grove project, Ainsworth Silver property, Rand Property, Kettle Valley Property, and Aurora West Property.

Goldcliff Resource Headlines

From GuruFocus

Goldcliff Announces Unit and Flow Through Offerings and Grant of Options

By ACCESSWIRE • 08-30-2024

Goldcliff Announces Closing of Second and Final Tranche of its "LIFE" Offering and Annual General Meeting Results

By GlobeNewswire GlobeNewswire • 05-01-2023

Goldcliff Closes Financings

By ACCESSWIRE • 10-10-2024

Goldcliff Announces Unit and Flow Through "LIFE" Offerings

By GlobeNewswire GlobeNewswire • 03-17-2023

Goldcliff Closes First Tranche of Private Placement

By GlobeNewswire GlobeNewswire • 03-29-2023

Goldcliff Expands Ainsworth Silver Holdings

By ACCESSWIRE • 05-15-2024

Goldcliff Reviews Kettle Valley Drilling

By GlobeNewswire GlobeNewswire • 07-28-2022

Goldcliff Plans High Grade Silver Exploration at Ainsworth

By ACCESSWIRE • 08-07-2024