Signature Resources (TSXV:SGU) Cash And Cash Equivalents : C$0.03 Mil (As of Apr. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Signature Resources Cash And Cash Equivalents?

Signature Resources's quarterly cash and cash equivalents increased from Oct. 2023 (C$0.12 Mil) to Jan. 2024 (C$0.54 Mil) but then stayed the same from Jan. 2024 (C$0.54 Mil) to Apr. 2024 (C$0.03 Mil).

Signature Resources's annual cash and cash equivalents declined from Oct. 2021 (C$0.08 Mil) to Oct. 2022 (C$0.00 Mil) but then increased from Oct. 2022 (C$0.00 Mil) to Oct. 2023 (C$0.12 Mil).

Signature Resources Cash And Cash Equivalents Historical Data

The historical data trend for Signature Resources'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.

Signature Resources Cash And Cash Equivalents Chart

Signature Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.27

0.46

0.08

0.12

Signature Resources Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.34	0.04	0.12	0.54	0.03

Signature Resources 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.

Signature Resources (TSXV:SGU) 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.

Signature Resources Cash And Cash Equivalents Related Terms

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

Signature Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signature Resources Ltd (TSXV:SGU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SGGTF:USA 3S30:Germany

Address

401 Bay Street, Box 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.signatureresources.ca

Signature Resources Ltd is a Canadian based advanced stage exploration company focused on expanding the 100% owned Lingman Lake Gold zone, located within the prolific Red Lake district in Northwestern Ontario, Canada. The project has a 234,000 ounce historical high-grade gold resource estimate that is contained within the first 180 meters of surface and open in all directions. The company is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drill rig and aims to publish a maiden NI 43-101 compliant resource in 2022.

Executives

Robert Vallis

Director, Senior Officer