Nevgold (TSXV:NAU) Cash And Cash Equivalents : C$1.14 Mil (As of Dec. 2024)

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What is Nevgold Cash And Cash Equivalents?

Nevgold's quarterly cash and cash equivalents increased from Jun. 2024 (C$0.17 Mil) to Sep. 2024 (C$0.55 Mil) and increased from Sep. 2024 (C$0.55 Mil) to Dec. 2024 (C$1.14 Mil).

Nevgold's annual cash and cash equivalents declined from Dec. 2022 (C$2.50 Mil) to Dec. 2023 (C$0.15 Mil) but then increased from Dec. 2023 (C$0.15 Mil) to Dec. 2024 (C$1.14 Mil).

Nevgold Cash And Cash Equivalents Historical Data

The historical data trend for Nevgold'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.

* Premium members only.

Nevgold Cash And Cash Equivalents Chart

Nevgold Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

2.76

2.50

0.15

1.14

Nevgold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.15	0.39	0.17	0.55	1.14

Nevgold 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.

Nevgold (TSXV:NAU) 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.

Nevgold Cash And Cash Equivalents Related Terms

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Nevgold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NAUFF:USA 5E50:Germany

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.nev-gold.com

Nevgold Corp is an exploration and development company targeting large-scale mineral systems in the districts of Nevada and British Columbia. The company's project includes Ptarmigan in British Columbia, Project Option in British Columbia, Cedar Wash and Limo in Nevada. The Company operates primarily in one business segment, which is the exploration and development of resource properties located in two areas, Canada and the United States.

Executives

Goldmining Inc.	10% Security Holder
Brandon Gennaro Bonifacio	Senior Officer
Giulio Bonifacio	Director

Nevgold Headlines

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