UGDIF (Unigold) Cash And Cash Equivalents : $0.43 Mil (As of Sep. 2024)

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

What is Unigold Cash And Cash Equivalents?

Unigold's quarterly cash and cash equivalents increased from Mar. 2024 ($0.09 Mil) to Jun. 2024 ($0.77 Mil) but then stayed the same from Jun. 2024 ($0.77 Mil) to Sep. 2024 ($0.43 Mil).

Unigold's annual cash and cash equivalents declined from Dec. 2021 ($2.35 Mil) to Dec. 2022 ($0.19 Mil) but then increased from Dec. 2022 ($0.19 Mil) to Dec. 2023 ($0.62 Mil).

Unigold Cash And Cash Equivalents Historical Data

The historical data trend for Unigold'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.

Unigold Cash And Cash Equivalents Chart

Unigold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

1.04

3.15

2.35

0.19

0.62

Unigold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.15	0.62	0.09	0.77	0.43

Unigold 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.

Unigold (OTCPK:UGDIF) 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.

Unigold Cash And Cash Equivalents Related Terms

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

Unigold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Unigold Inc (OTCPK:UGDIF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

UGB1:Germany UGD:Canada

Address

One First Canadian Place, Suite 3400, P.O. Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.unigoldinc.com

Unigold Inc is a Canada-based natural resource company. Principally, it is focused on exploring and developing its gold projects in the Dominican Republic. The company owns majority of the exploration rights for gold, silver, zinc, copper, and all associated minerals on the Neita Property in the northwestern Dominican Republic. The Neita concession is located in the northwest of the city of Santo Domingo. It has one business segment, mineral exploration. Geographically, it has two segments namely Canada and the Dominican Republic.