Prosper Gold (Prosper Gold) Cash And Cash Equivalents : $0.17 Mil (As of Jan. 2024)

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What is Prosper Gold Cash And Cash Equivalents?

Prosper Gold's quarterly cash and cash equivalents declined from Jul. 2023 ($0.31 Mil) to Oct. 2023 ($0.11 Mil) but then increased from Oct. 2023 ($0.11 Mil) to Jan. 2024 ($0.17 Mil).

Prosper Gold's annual cash and cash equivalents declined from Oct. 2021 ($2.92 Mil) to Oct. 2022 ($0.16 Mil) and declined from Oct. 2022 ($0.16 Mil) to Oct. 2023 ($0.11 Mil).

Prosper Gold Cash And Cash Equivalents Historical Data

The historical data trend for Prosper 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.

Prosper Gold Cash And Cash Equivalents Chart

Prosper Gold Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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0.40

1.78

2.92

0.16

0.11

Prosper Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.88	0.45	0.31	0.11	0.17

Prosper 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.

Prosper Gold (OTCPK:PGXFF) 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.

Prosper Gold Cash And Cash Equivalents Related Terms

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Prosper Gold (Prosper Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

2QPA:Germany PGX:Canada

Address

1055 Dunsmuir Street, Suite 3500, P.O. Box 49114, Vancouver, BC, CAN, V7X 1H7

Website

https://www.prospergoldcorp.com

Prosper Gold Corp is an exploration and development company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties in British Columbia and Canada. The company is focused on the exploration and development of the Star property in British Columbia, Canada, and exploration and development of the Ontario Projects in Ontario, Canada.

Prosper Gold (Prosper Gold) Headlines

From GuruFocus

Prosper Gold Corp. Closes Private Placement

By GlobeNewswire GlobeNewswire • 12-17-2018