WTHVF (Westhaven Gold) Cash And Cash Equivalents : $0.85 Mil (As of Jun. 2024)

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What is Westhaven Gold Cash And Cash Equivalents?

Westhaven Gold's quarterly cash and cash equivalents increased from Sep. 2023 ($1.24 Mil) to Mar. 2024 ($1.39 Mil) but then stayed the same from Mar. 2024 ($1.39 Mil) to Jun. 2024 ($0.85 Mil).

Westhaven Gold's annual cash and cash equivalents increased from Dec. 2020 ($0.10 Mil) to Dec. 2021 ($2.98 Mil) but then declined from Dec. 2021 ($2.98 Mil) to Dec. 2022 ($2.81 Mil).

Westhaven Gold Cash And Cash Equivalents Historical Data

The historical data trend for Westhaven 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.

Westhaven Gold Cash And Cash Equivalents Chart

Westhaven Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.27

3.29

0.10

2.98

2.81

Westhaven Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.03	3.38	1.24	1.39	0.85

Westhaven 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.

Westhaven Gold (OTCPK:WTHVF) 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.

Westhaven Gold Cash And Cash Equivalents Related Terms

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Westhaven Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westhaven Gold Corp (OTCPK:WTHVF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

1W5:Germany WHN:Canada

Address

1056-409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.westhavengold.com

Westhaven Gold Corp is a Canada based exploration company. It is engaged the acquisition and exploration and evaluation activities. The company's properties include the Shovelnose gold property, Prospect valley gold property, Skoonka creek property and Skoonka north gold property.

Westhaven Gold Headlines

From GuruFocus

Westhaven Drills 12.66 Metres of 39.31 g/t Gold and 133.11 g/t Silver at Shovelnose

By GlobeNewswire GlobeNewswire • 03-18-2019

Westhaven Increases Size of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-28-2022

Westhaven Announces Voting Results From 2023 Annual General Meeting

By GlobeNewswire • 09-22-2023

Westhaven Announces Stock Option Grant

By GlobeNewswire GlobeNewswire • 04-22-2021

Westhaven Shareholders Approve All Motions Put Forth at AGM

By GlobeNewswire GlobeNewswire • 12-13-2019