NV Gold (TSXV:NVX) Cash And Cash Equivalents : C$0.05 Mil (As of Feb. 2024)

View and export this data going back to 2008. Start your Free Trial

What is NV Gold Cash And Cash Equivalents?

NV Gold's quarterly cash and cash equivalents increased from Aug. 2023 (C$0.06 Mil) to Nov. 2023 (C$0.16 Mil) but then stayed the same from Nov. 2023 (C$0.16 Mil) to Feb. 2024 (C$0.05 Mil).

NV Gold's annual cash and cash equivalents declined from Aug. 2021 (C$3.51 Mil) to Aug. 2022 (C$1.29 Mil) and declined from Aug. 2022 (C$1.29 Mil) to Aug. 2023 (C$0.06 Mil).

NV Gold Cash And Cash Equivalents Historical Data

The historical data trend for NV 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.

* Premium members only.

NV Gold Cash And Cash Equivalents Chart

NV Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.96

3.33

3.51

1.29

0.06

NV Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.49	0.39	0.06	0.16	0.05

NV 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.

NV Gold (TSXV:NVX) 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.

NV Gold Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of NV Gold's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

NV Gold (TSXV:NVX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NVGLF:USA

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.nvgoldcorp.com

NV Gold Corp is engaged in the identification, acquisition, and exploration of mineral properties. It is focused on maximizing shareholder value through acquiring, exploring, discovering, and developing gold projects. Its projects include Redstar Properties, Green Gold Project, SW Pipe Project, Slumber Gold Project, Sandy Gold Project, Discovery Bay Project, Darby Flats Project, and Others in Nevada, USA. The Company has one reportable operating segment, the acquisition, and exploration of mineral properties. The Company has mineral properties located geographically as follows:- the United States of America and Switzerland.

Executives

John E. Watson

10% Security Holder, Director, Senior Officer