Magnum Goldcorp (TSXV:MGI) Cash And Cash Equivalents : C$0.00 Mil (As of Feb. 2025)

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What is Magnum Goldcorp Cash And Cash Equivalents?

Magnum Goldcorp's quarterly cash and cash equivalents stayed the same from Aug. 2024 (C$0.00 Mil) to Nov. 2024 (C$0.00 Mil) and stayed the same from Nov. 2024 (C$0.00 Mil) to Feb. 2025 (C$0.00 Mil).

Magnum Goldcorp's annual cash and cash equivalents declined from May. 2022 (C$0.41 Mil) to May. 2023 (C$0.01 Mil) and declined from May. 2023 (C$0.01 Mil) to May. 2024 (C$0.00 Mil).

Magnum Goldcorp Cash And Cash Equivalents Historical Data

The historical data trend for Magnum Goldcorp'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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Magnum Goldcorp Cash And Cash Equivalents Chart

Magnum Goldcorp Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash And Cash Equivalents

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0.41

0.01

Magnum Goldcorp 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															-	-	-	-	-

Magnum Goldcorp 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.

Magnum Goldcorp (TSXV:MGI) 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.

Magnum Goldcorp Cash And Cash Equivalents Related Terms

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Magnum Goldcorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Goldcorp Inc (TSXV:MGI) » Definitions » Cash And Cash Equivalents

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Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the east of Slocan Mining Division of Southeastern British Columbia.

Executives

Douglas Lawrence Mason	10% Security Holder, Director, Senior Officer
Daniel Bernard Evans	Director, Senior Officer
Andrzej Kowalski	Director
Sead Hamzagic	Director, Senior Officer
International Bethlehem Mining Corp.	10% Security Holder