Galleon Gold (TSXV:GGO) Cash And Cash Equivalents : C$0.45 Mil (As of Feb. 2025)

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What is Galleon Gold Cash And Cash Equivalents?

Galleon Gold's quarterly cash and cash equivalents declined from Aug. 2024 (C$1.83 Mil) to Nov. 2024 (C$1.52 Mil) but then stayed the same from Nov. 2024 (C$1.52 Mil) to Feb. 2025 (C$0.45 Mil).

Galleon Gold's annual cash and cash equivalents declined from Nov. 2022 (C$0.52 Mil) to Nov. 2023 (C$0.26 Mil) but then increased from Nov. 2023 (C$0.26 Mil) to Nov. 2024 (C$1.52 Mil).

Galleon Gold Cash And Cash Equivalents Historical Data

The historical data trend for Galleon 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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Galleon Gold Cash And Cash Equivalents Chart

Galleon Gold Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Cash And Cash Equivalents

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8.05

1.08

0.52

0.26

1.52

Galleon Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.06	2.43	1.83	1.52	0.45

Galleon 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.

Galleon Gold (TSXV:GGO) 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.

Galleon Gold Cash And Cash Equivalents Related Terms

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Galleon Gold Business Description

Industry

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

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PNCKF:USA 3H90:Germany

Address

161 Bay Street, 27th Floor, Suite 2700, PO Box 508, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.galleongold.com

Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, and associated base and precious metals. The projects of the company include West Cache Gold in Ontario, the Golden Trove project in Idaho, and other properties.

Executives

Lisa Joy Buchan	Senior Officer
R. David Russell	Director, Senior Officer
Thomas Kofman	Director
Chris Dupont	Director, Senior Officer

Galleon Gold Headlines

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