Nevada Canyon Gold (Nevada Canyon Gold) Cash And Cash Equivalents : $9.64 Mil (As of Mar. 2024)

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What is Nevada Canyon Gold Cash And Cash Equivalents?

Nevada Canyon Gold's quarterly cash and cash equivalents increased from Sep. 2023 ($4.68 Mil) to Dec. 2023 ($9.74 Mil) but then stayed the same from Dec. 2023 ($9.74 Mil) to Mar. 2024 ($9.64 Mil).

Nevada Canyon Gold's annual cash and cash equivalents declined from Dec. 2021 ($1.42 Mil) to Dec. 2022 ($1.01 Mil) but then increased from Dec. 2022 ($1.01 Mil) to Dec. 2023 ($9.74 Mil).

Nevada Canyon Gold Cash And Cash Equivalents Historical Data

The historical data trend for Nevada Canyon 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.

Nevada Canyon Gold Cash And Cash Equivalents Chart

Nevada Canyon Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.37

0.89

1.42

1.01

9.74

Nevada Canyon 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															0.91	0.78	4.68	9.74	9.64

Nevada Canyon 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.

Nevada Canyon Gold (OTCPK:NGLD) 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.

Nevada Canyon Gold Cash And Cash Equivalents Related Terms

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Nevada Canyon Gold (Nevada Canyon Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

316 California Avenue, Suite 543, Reno, NV, USA, 89509

Website

https://www.nevadacanyongold.com

Nevada Canyon Gold Corp is a junior precious metals exploration company. The company holds an interest in the Nevada and the Lazy Claims Property located within the Walker Lane shear zone, Loman Property located in Mineral County, Nevada, Agai-Pah Property located in the northwestern portion of the Gillis Range, within the Buckley Mining District, Belshazzar Property, Swales Property, Olinghouse Project and Palmetto Project.

Executives

Jeffrey Cocks	director, 10 percent owner, officer: President/CEO/CFO	118 8TH AVE. NW, CALGARY A0 T2M 0A4
Alan Day	director	5655 RIGGINS COURT,, STE 15, RENO NV 89502
Ryan Mcmillan	officer: VP of Operations	32565-B GOLDEN LANTERN ST. #500, DANA POINT CA 92629
Robert Frank List	director	1120 NORTH TOWN CENTER DRIVE,, STE. 200, LAS VEGAS NV 89144
Bcim Management, Lp	10 percent owner	207 E. OHIO ST., SUITE 400, CHICAGO IL 60611
Michael S Levine	director, 10 percent owner	201 SANTA MONICA BLVD, STE 200, SANTA MONICA CA 90401

Nevada Canyon Gold (Nevada Canyon Gold) Headlines

From GuruFocus

NEVADA CANYON ANNOUNCES INITIAL EXPLORATION PROGRAM ON THE AGAI-PAH PROPERTY

By sperokesalga sperokesalga • 06-15-2023

NEVADA CANYON ANNOUNCES INITIAL EXPLORATION PROGRAM ON THE BELSHAZZAR PROJECT

By Marketwired • 08-23-2023

NEVADA CANYON ANNOUNCES EXPLORATION PROGRAMS BEGIN ON THE AGAI-PAH AND LOMAN PROPERTIES

By Marketwired • 08-31-2023

NEVADA CANYON PROVIDES UPDATE ON CANYON CARBON, LLC

By Marketwired • 06-22-2023

NEVADA CANYON ANNOUNCES MANAGEMENT CHANGES

By sperokesalga sperokesalga • 05-04-2023

NEVADA CANYON ANNOUNCES INITIAL EXPLORATION PROGRAM ON THE SWALES PROPERTY

By sperokesalga sperokesalga • 04-19-2023