Probe Gold (Probe Gold) Cash And Cash Equivalents : $14.08 Mil (As of Mar. 2024)

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What is Probe Gold Cash And Cash Equivalents?

Probe Gold's quarterly cash and cash equivalents increased from Sep. 2023 ($13.66 Mil) to Dec. 2023 ($18.81 Mil) but then stayed the same from Dec. 2023 ($18.81 Mil) to Mar. 2024 ($14.08 Mil).

Probe Gold's annual cash and cash equivalents declined from Dec. 2021 ($22.55 Mil) to Dec. 2022 ($17.34 Mil) but then increased from Dec. 2022 ($17.34 Mil) to Dec. 2023 ($18.81 Mil).

Probe Gold Cash And Cash Equivalents Historical Data

The historical data trend for Probe 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.

Probe Gold Cash And Cash Equivalents Chart

Probe Gold Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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26.35

24.00

22.55

17.34

18.81

Probe 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															22.13	19.24	13.66	18.81	14.08

Probe 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.

Probe Gold (OTCPK:PROBF) 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.

Probe Gold Cash And Cash Equivalents Related Terms

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Probe Gold (Probe Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Probe Gold Inc (OTCPK:PROBF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

V46:Germany PRB:Canada

Address

56 Temperance Street, Suite 1000, Toronto, ON, CAN, M5H 3V5

Website

https://www.probegold.com

Probe Gold Inc is a gold exploration company focused on the acquisition, exploration, and development of prospective gold properties. The company is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Novador Gold Project, Québec.

Probe Gold (Probe Gold) Headlines

From GuruFocus

Probe Metals Announces Upsize of Private Placement to $10.5 Million

By GlobeNewswire GlobeNewswire • 06-08-2022

Probe Metals Announces Filing of NI 43-101 Technical Report on the Val-d'Or East Project, Quebec

By GlobeNewswire GlobeNewswire • 03-29-2018

Probe Gold Files NI 43-101 Technical Report for Monique Deposit, Novador Project

By GlobeNewswire GlobeNewswire • 03-02-2023

Probe Metals Reports Gold Recoveries above 95% at the Val d'Or East Project

By GlobeNewswire GlobeNewswire • 04-20-2021

Probe Gold Announces Results of Annual General Meeting and Retirement of Directors

By GlobeNewswire GlobeNewswire • 06-13-2023

Probe Metals Announces $10 Million Private Placement

By GlobeNewswire GlobeNewswire • 11-04-2020

Probe Metals Completes $17 Million Bought Deal Private Placement

By GlobeNewswire GlobeNewswire • 12-10-2019