Mexican Gold Mining (Mexican Gold Mining) Cash And Cash Equivalents : $0.26 Mil (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Mexican Gold Mining Cash And Cash Equivalents?

Mexican Gold Mining's quarterly cash and cash equivalents declined from Jun. 2023 ($0.42 Mil) to Sep. 2023 ($0.36 Mil) but then stayed the same from Sep. 2023 ($0.36 Mil) to Dec. 2023 ($0.26 Mil).

Mexican Gold Mining's annual cash and cash equivalents declined from Jun. 2021 ($0.10 Mil) to Jun. 2022 ($0.07 Mil) but then increased from Jun. 2022 ($0.07 Mil) to Jun. 2023 ($0.42 Mil).

Mexican Gold Mining Cash And Cash Equivalents Historical Data

The historical data trend for Mexican 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.

* Premium members only.

Mexican Gold Mining Cash And Cash Equivalents Chart

Mexican Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.24

1.37

0.10

0.07

0.42

Mexican 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															0.03	0.55	0.42	0.36	0.26

Mexican 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.

Mexican Gold Mining (OTCPK:MEXGF) 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.

Mexican Gold Mining Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Mexican Gold Mining's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Mexican Gold Mining (Mexican Gold Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MEX:Canada

Address

1600-595 Burrard Street, WeWork, c/o Mexican Gold Mining Corp, Vancouver, BC, CAN, V7X 1L4

Website

https://www.mexicangold.ca

Mexican Gold Mining Corp is a Canada-based mineral exploration company. Principally, it is engaged in the business of exploration of mineral properties in Canada and Mexico. The company holds an interest in Las Minas project. It earns majority of its profit from Canada.

Mexican Gold Mining (Mexican Gold Mining) Headlines

From GuruFocus

Mexican Gold Corp Announces Closing of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 04-11-2018

Mexican Gold Announces Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-30-2022

Mexican Gold Announces Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-05-2019

Mexican Gold Corp Provides Update on Financing

By GlobeNewswire GlobeNewswire • 12-22-2018

Mexican Gold Announces Private Placement Repricing

By GlobeNewswire GlobeNewswire • 08-17-2022

Mexican Gold Corp. Provides Update on Financing

By GlobeNewswire GlobeNewswire • 11-02-2018

Mexican Gold Private Placement With Lead Order From Palisades Goldcorp

By GlobeNewswire GlobeNewswire • 01-13-2021

Mexican Gold to Complete Business Combination With New Found Gold; Intersects 92.86 g/t Gold Over 19.0 Metres at Queensway Gold Project In Newfoundland

By GlobeNewswire GlobeNewswire • 01-28-2020