TRRGF (Transatlantic Mining) Cash And Cash Equivalents : $0.81 Mil (As of Dec. 2024)

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What is Transatlantic Mining Cash And Cash Equivalents?

Transatlantic Mining's quarterly cash and cash equivalents increased from Jun. 2024 ($0.74 Mil) to Sep. 2024 ($0.97 Mil) but then stayed the same from Sep. 2024 ($0.97 Mil) to Dec. 2024 ($0.81 Mil).

Transatlantic Mining's annual cash and cash equivalents declined from Dec. 2022 ($0.99 Mil) to Dec. 2023 ($0.77 Mil) but then increased from Dec. 2023 ($0.77 Mil) to Dec. 2024 ($0.81 Mil).

Transatlantic Mining Cash And Cash Equivalents Historical Data

The historical data trend for Transatlantic 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.

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Transatlantic Mining Cash And Cash Equivalents Chart

Transatlantic Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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0.60

0.44

0.99

0.77

0.81

Transatlantic Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.77	1.58	0.74	0.97	0.81

Transatlantic 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.

Transatlantic Mining (OTCPK:TRRGF) 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.

Transatlantic Mining Cash And Cash Equivalents Related Terms

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Transatlantic Mining Business Description

Industry

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

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TCO:Canada

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

http://www.transatlanticminingcorp.com

Transatlantic Mining Corp is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. It has property interests including an 80% Joint Venture position on the Monitor Copper-Gold project in Montana-Idaho (USA) and 100 % of the Golden Jubilee Gold Project with its associated mining rights. The company has an extended lease, right to mine and purchase arrangement for the Miller Gold Mine in Montana to 100% ownership by way of payment royalty.

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