Labrador Gold (TSXV:LAB) Cash And Cash Equivalents : C$6.66 Mil (As of Mar. 2024)

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What is Labrador Gold Cash And Cash Equivalents?

Labrador Gold's quarterly cash and cash equivalents declined from Sep. 2023 (C$10.08 Mil) to Dec. 2023 (C$7.61 Mil) but then stayed the same from Dec. 2023 (C$7.61 Mil) to Mar. 2024 (C$6.66 Mil).

Labrador Gold's annual cash and cash equivalents declined from Sep. 2021 (C$33.25 Mil) to Sep. 2022 (C$21.36 Mil) and declined from Sep. 2022 (C$21.36 Mil) to Sep. 2023 (C$10.08 Mil).

Labrador Gold Cash And Cash Equivalents Historical Data

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

Labrador Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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0.40

6.30

33.25

21.36

10.08

Labrador Gold 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															15.68	13.26	10.08	7.61	6.66

Labrador 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.

Labrador Gold (TSXV:LAB) 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.

Labrador Gold Cash And Cash Equivalents Related Terms

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Labrador Gold (TSXV:LAB) Business Description

Industry

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

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Traded in Other Exchanges

NKOSF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.labradorgold.com

Labrador Gold Corp is a Canadian-based mineral exploration company. It focuses on the acquisition and exploration of prospective gold projects in the Americas. The company also has mineral rights interests in Ontario, Canada. Its projects include Borden Lake Extension Project, the Hopedale property, and the Kingsway property.

Executives

Roger Moss

Director, Senior Officer