Goldbank Mining (TSXV:GLB) Cash And Cash Equivalents : C$0.01 Mil (As of Mar. 2024)

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What is Goldbank Mining Cash And Cash Equivalents?

Goldbank Mining's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.01 Mil) to Dec. 2023 (C$0.02 Mil) but then stayed the same from Dec. 2023 (C$0.02 Mil) to Mar. 2024 (C$0.01 Mil).

Goldbank Mining's annual cash and cash equivalents increased from Dec. 2021 (C$0.02 Mil) to Dec. 2022 (C$0.05 Mil) but then declined from Dec. 2022 (C$0.05 Mil) to Dec. 2023 (C$0.02 Mil).

Goldbank Mining Cash And Cash Equivalents Historical Data

The historical data trend for Goldbank 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.

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Goldbank Mining Cash And Cash Equivalents Chart

Goldbank Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.29

0.50

0.02

0.05

0.02

Goldbank Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.10	0.06	0.01	0.02	0.01

Goldbank 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.

Goldbank Mining (TSXV:GLB) 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.

Goldbank Mining Cash And Cash Equivalents Related Terms

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Goldbank Mining (TSXV:GLB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2

Website

https://www.goldbankmining.com

Goldbank Mining Corp is an exploration stage company which is engaged in the process of exploring its mineral property in Canada. The company is involved in the exploration and development in the Yukon including the Leota Gold project which includes hard rock mining claims of Gold properties in the Klondike region of the Yukon Territories, Canada, and the Hasenfuss. It operates in one industry and geographic segment, the mineral resource industry with all current exploration activities conducted in Canada.

Executives

Francesco Joseph Garofalo

Director

Goldbank Mining (TSXV:GLB) Headlines

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