RTG Mining (TSX:RTG) Cash And Cash Equivalents : C$2.65 Mil (As of Dec. 2022)

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What is RTG Mining Cash And Cash Equivalents?

RTG Mining's quarterly cash and cash equivalents increased from Dec. 2020 (C$7.38 Mil) to Dec. 2021 (C$12.86 Mil) but then stayed the same from Dec. 2021 (C$12.86 Mil) to Dec. 2022 (C$2.65 Mil).

RTG Mining's annual cash and cash equivalents declined from Dec. 2021 (C$12.86 Mil) to Dec. 2022 (C$2.65 Mil) but then increased from Dec. 2022 (C$2.65 Mil) to Dec. 2023 (C$5.86 Mil).

RTG Mining Cash And Cash Equivalents Historical Data

The historical data trend for RTG 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.

* Premium members only.

RTG Mining Cash And Cash Equivalents Chart

RTG Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.17

7.38

12.86

2.65

5.86

RTG Mining Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Dec22	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.99	7.38	12.86	2.65	5.86

RTG 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.

RTG Mining (TSX:RTG) 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.

RTG Mining Cash And Cash Equivalents Related Terms

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RTG Mining (TSX:RTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RTG Mining Inc (TSX:RTG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

RTG:Australia

Address

516 Hay Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.rtgmining.com

RTG Mining Inc is into the mining and exploration business. It is focused on high-grade, low operating cost gold projects. Some of its minor exploration and evaluation assets are held in Africa, all of the company's other assets are located in the Philippines. The organization's principal asset and focus are the Mabilo Project located in Camarines Norte Province, Eastern Luzon, Philippines. The company's other projects include The Bunawan project and the Nalesbitan Project.

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