GSTMF (Goldstorm Metals) Cash And Cash Equivalents : $0.03 Mil (As of Dec. 2024)

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What is Goldstorm Metals Cash And Cash Equivalents?

Goldstorm Metals's quarterly cash and cash equivalents declined from Jun. 2024 ($1.13 Mil) to Sep. 2024 ($0.27 Mil) but then stayed the same from Sep. 2024 ($0.27 Mil) to Dec. 2024 ($0.03 Mil).

Goldstorm Metals's annual cash and cash equivalents increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($1.80 Mil) but then declined from Mar. 2023 ($1.80 Mil) to Mar. 2024 ($1.29 Mil).

Goldstorm Metals Cash And Cash Equivalents Historical Data

The historical data trend for Goldstorm Metals'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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Goldstorm Metals Cash And Cash Equivalents Chart

Goldstorm Metals Annual Data

Trend

Mar22

Mar23

Mar24

Cash And Cash Equivalents

1.80

1.29

Goldstorm Metals Quarterly Data
	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial							-	1.29	1.13	0.27	0.03

Goldstorm Metals 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.

Goldstorm Metals (OTCPK:GSTMF) 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.

Goldstorm Metals Cash And Cash Equivalents Related Terms

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Goldstorm Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

B2U:Germany GSTM:Canada

Address

999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2

Website

https://www.goldstormmetals.com

Goldstorm Metals Corp is a precious and base metals exploration company with a strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the gold deposits in the world. Goldstorm's flagship projects, Crown and Electrum, cover an area that totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation Inc.'s Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 20 kilometers to the south.

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