Steppe Gold (TSX:STGO) Cash And Cash Equivalents : C$67.1 Mil (As of Dec. 2024)

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What is Steppe Gold Cash And Cash Equivalents?

Steppe Gold's quarterly cash and cash equivalents increased from Jun. 2024 (C$4.35 Mil) to Sep. 2024 (C$4.91 Mil) and increased from Sep. 2024 (C$4.91 Mil) to Dec. 2024 (C$67.15 Mil).

Steppe Gold's annual cash and cash equivalents increased from Dec. 2022 (C$3.42 Mil) to Dec. 2023 (C$19.99 Mil) and increased from Dec. 2023 (C$19.99 Mil) to Dec. 2024 (C$67.15 Mil).

Steppe Gold Cash And Cash Equivalents Historical Data

The historical data trend for Steppe 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.

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Steppe Gold Cash And Cash Equivalents Chart

Steppe Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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19.33

3.38

3.42

19.99

67.15

Steppe Gold 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															19.99	9.01	4.35	4.91	67.15

Steppe 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.

Steppe Gold (TSX:STGO) 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.

Steppe Gold Cash And Cash Equivalents Related Terms

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Steppe Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (TSX:STGO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

STPGF:USA 2J9:Germany

Address

Olympic Street 19A, Shangri-La Office, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.

Executives

Jeremy Thomas South	Senior Officer
Aneel Singh Waraich	Director, Senior Officer
Bataa Tumur-ochir	Director, Senior Officer
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Paul Elliott Singer	10% Security Holder
Lim Asia Special Situations Master Fund Limited	10% Security Holder
Patrick Michaels	Director
Lewis Marks	Director

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