Mayfair Gold (TSXV:MFG) Cash And Cash Equivalents : C$9.97 Mil (As of Mar. 2024)

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What is Mayfair Gold Cash And Cash Equivalents?

Mayfair Gold's quarterly cash and cash equivalents increased from Sep. 2023 (C$5.78 Mil) to Dec. 2023 (C$13.50 Mil) but then stayed the same from Dec. 2023 (C$13.50 Mil) to Mar. 2024 (C$9.97 Mil).

Mayfair Gold's annual cash and cash equivalents declined from Dec. 2021 (C$12.04 Mil) to Dec. 2022 (C$6.79 Mil) but then increased from Dec. 2022 (C$6.79 Mil) to Dec. 2023 (C$13.50 Mil).

Mayfair Gold Cash And Cash Equivalents Historical Data

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

Mayfair Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

2.13

12.04

6.79

13.50

Mayfair Gold Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial												5.56	8.85	5.78	13.50	9.97

Mayfair 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.

Mayfair Gold (TSXV:MFG) 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.

Mayfair Gold Cash And Cash Equivalents Related Terms

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Mayfair Gold (TSXV:MFG) Business Description

Industry

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

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Traded in Other Exchanges

MFGCF:USA

Address

489 MacDougal Street, Matheson, ON, CAN, P0K 1N0

Website

https://www.mayfairgold.ca

Mayfair Gold Corp is a mineral exploration company that is engaged in the acquisition and exploration of mineral properties. It has one material mineral property, the Fenn-Gib Property, located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, which is in the exploration stage. The Company has one operating segment, which is defined as an exploration and development unit in Canada.

Executives