Greenheart Gold (TSXV:GHRT) Cash And Cash Equivalents : C$14.04 Mil (As of Sep. 2024)

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What is Greenheart Gold Cash And Cash Equivalents?

Greenheart Gold's quarterly cash and cash equivalents stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Sep. 2024 (C$14.04 Mil).

Greenheart Gold's annual cash and cash equivalents stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Dec. 2024 (C$46.43 Mil).

Greenheart Gold Cash And Cash Equivalents Historical Data

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

Greenheart Gold Annual Data

Trend

Dec24

Cash And Cash Equivalents

46.43

Greenheart Gold Semi-Annual Data
	Sep24
Cash And Cash Equivalents	14.04

Greenheart 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.

Greenheart Gold (TSXV:GHRT) 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.

Greenheart Gold Cash And Cash Equivalents Related Terms

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Greenheart Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenheart Gold Inc (TSXV:GHRT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Stikeman Elliott LLP, 199 Bay Street, 5300 Commerce Court West, Toronto, ON, CAN, M5L 1B9

Website

https://www.greenheartgold.com

Greenheart Gold Inc is an exploration company that continues to build on a proven legacy of mineral resource discoveries in the Guiana Shield, a geologic terrain that is host to numerous gold deposits. The Company believes that this region is relatively under-explored and remains highly prospective for orogenic gold deposits. Greenheart Gold is focused on the jurisdictions of Guyana and Suriname, both having strong track records of successful mine development and supportive governments, in addition to highly prospective geology. The Company's principal project is the Majorodam Project in Suriname.

Greenheart Gold Headlines

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