KTGDF (K2 Gold) Cash And Cash Equivalents : $0.13 Mil (As of Sep. 2024)

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What is K2 Gold Cash And Cash Equivalents?

K2 Gold's quarterly cash and cash equivalents declined from Mar. 2024 ($0.53 Mil) to Jun. 2024 ($0.07 Mil) but then increased from Jun. 2024 ($0.07 Mil) to Sep. 2024 ($0.13 Mil).

K2 Gold's annual cash and cash equivalents declined from Dec. 2021 ($2.23 Mil) to Dec. 2022 ($0.23 Mil) and declined from Dec. 2022 ($0.23 Mil) to Dec. 2023 ($0.15 Mil).

K2 Gold Cash And Cash Equivalents Historical Data

The historical data trend for K2 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.

* Premium members only.

K2 Gold Cash And Cash Equivalents Chart

K2 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2.19

5.78

2.23

0.23

0.15

K2 Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.64	0.15	0.53	0.07	0.13

K2 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.

K2 Gold (OTCPK:KTGDF) 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.

K2 Gold Cash And Cash Equivalents Related Terms

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K2 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K2 Gold Corp (OTCPK:KTGDF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

23K:Germany KTO:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is an North American mineral exploration company with its primary focus being the exploration of mineral properties in California, the Yukon Territory, and Alaska. It has has three exploration projects: the Mojave Project, located in California; the Wels Project in the Yukon, and the Si2 Project in Nevada.

K2 Gold Headlines

From GuruFocus

K2 Stakes New Mineral Claims in the Moosehorn Range, Alaska, USA

By GlobeNewswire GlobeNewswire • 05-17-2018

K2 Gold Completes Termination of Option Agreement on Flume Property

By GlobeNewswire GlobeNewswire • 09-26-2018

K2 Gold Closes Oversubscribed Private Placement and Raises $1,066,500

By GlobeNewswire GlobeNewswire • 06-08-2018

K2 Gold Corporation Announces Non-Brokered Private Placement to Raise $750,000

By GlobeNewswire GlobeNewswire • 05-11-2018

K2 Completes 2019 Exploration at Wels; Trenches 2.15 g/t Au over 8m at the Pekoe Target, 0.64 g/t over 36m at the Chai Target

By GlobeNewswire GlobeNewswire • 02-20-2020

K2 Gold Provides A Technical Update of the Flume Property

By GlobeNewswire GlobeNewswire • 05-02-2018