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NGLD (Nevada Canyon Gold) Cash And Cash Equivalents : $7.40 Mil (As of Sep. 2024)


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What is Nevada Canyon Gold Cash And Cash Equivalents?

Nevada Canyon Gold's quarterly cash and cash equivalents declined from Mar. 2024 ($9.64 Mil) to Jun. 2024 ($9.11 Mil) but then stayed the same from Jun. 2024 ($9.11 Mil) to Sep. 2024 ($7.40 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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.89 1.42 1.01 9.74

Nevada Canyon 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.68 9.74 9.64 9.11 7.40

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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Canyon Gold Corp (OTCPK:NGLD) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
5655 Riggins Court, Suite 15, Reno, NV, USA, 89502
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