Centenario Gold (TSXV:CTG) Cash And Cash Equivalents : C$0.01 Mil (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Centenario Gold Cash And Cash Equivalents?

Centenario Gold's quarterly cash and cash equivalents declined from Mar. 2024 (C$0.15 Mil) to Jun. 2024 (C$0.03 Mil) but then stayed the same from Jun. 2024 (C$0.03 Mil) to Sep. 2024 (C$0.01 Mil).

Centenario Gold's annual cash and cash equivalents declined from Dec. 2021 (C$0.24 Mil) to Dec. 2022 (C$0.12 Mil) but then increased from Dec. 2022 (C$0.12 Mil) to Dec. 2023 (C$0.41 Mil).

Centenario Gold Cash And Cash Equivalents Historical Data

The historical data trend for Centenario 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.

Centenario Gold Cash And Cash Equivalents Chart

Centenario Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.02

0.24

0.12

0.41

Centenario Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.01	0.41	0.15	0.03	0.01

Centenario 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.

Centenario Gold (TSXV:CTG) 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.

Centenario Gold Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Centenario Gold's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Centenario Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centenario Gold Corp (TSXV:CTG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.centenariogold.com

Centenario Gold Corp is engaged in acquiring, exploring, and developing interests in mineral projects in Mexico. The company's project include The EDEN Project. The EDEN Project forms part of the historical Guadalupe los Reyes Mining District near Cosala, in southeast Sinaloa State, Mexico, The Property sits just north of Prime Mining Corp's Los Reyes gold-silver project and includes 2 adjoining mineral claims called El Eden and El Eden 1 which total 2,489 hectares.