Taura Gold (TSXV:TORA) Cash And Cash Equivalents : C$0.89 Mil (As of Jan. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Taura Gold Cash And Cash Equivalents?

Taura Gold's quarterly cash and cash equivalents declined from Jul. 2023 (C$1.13 Mil) to Oct. 2023 (C$1.07 Mil) but then stayed the same from Oct. 2023 (C$1.07 Mil) to Jan. 2024 (C$0.89 Mil).

Taura Gold's annual cash and cash equivalents increased from Oct. 2021 (C$0.02 Mil) to Oct. 2022 (C$1.51 Mil) but then declined from Oct. 2022 (C$1.51 Mil) to Oct. 2023 (C$1.07 Mil).

Taura Gold Cash And Cash Equivalents Historical Data

The historical data trend for Taura 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.

Taura Gold Cash And Cash Equivalents Chart

Taura Gold Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

0.08

0.02

1.51

1.07

Taura Gold Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial										1.54	1.39	1.13	1.07	0.89

Taura 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.

Taura Gold (TSXV:TORA) 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.

Taura Gold Cash And Cash Equivalents Related Terms

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

Taura Gold (TSXV:TORA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taura Gold Inc (TSXV:TORA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 3L6

Website

https://www.tauragold.com

Taura Gold Inc is engaged in the exploration and development of mineral properties. The company operates through a single project including the Shabu River Project.

Taura Gold (TSXV:TORA) Headlines

No Headlines