Alerio Gold (XCNQ:ALE) Cash And Cash Equivalents : C$0.00 Mil (As of May. 2023)

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What is Alerio Gold Cash And Cash Equivalents?

Alerio Gold's quarterly cash and cash equivalents increased from Nov. 2022 (C$0.00 Mil) to Feb. 2023 (C$0.03 Mil) but then stayed the same from Feb. 2023 (C$0.03 Mil) to May. 2023 (C$0.00 Mil).

Alerio Gold's annual cash and cash equivalents increased from Aug. 2020 (C$0.60 Mil) to Aug. 2021 (C$1.20 Mil) but then declined from Aug. 2021 (C$1.20 Mil) to Aug. 2022 (C$0.01 Mil).

Alerio Gold Cash And Cash Equivalents Historical Data

The historical data trend for Alerio 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.

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Alerio Gold Cash And Cash Equivalents Chart

Alerio Gold Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Cash And Cash Equivalents

0.07

0.17

0.60

1.20

0.01

Alerio Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Cash And Cash Equivalents	Get a 7-Day Free Trial													0.26	0.01	-	0.03	-

Alerio 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.

Alerio Gold (XCNQ:ALE) 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.

Alerio Gold Cash And Cash Equivalents Related Terms

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Alerio Gold (XCNQ:ALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alerio Gold Corp (XCNQ:ALE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3FR0:Germany

Address

409 Granville Street, Suite 459, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aleriogold.com

Alerio Gold Corp is a mineral exploration and development company engaged in acquiring, exploring, and developing natural resource properties, with a focus in Guyana, South America. The company currently has 100% interest in two gold properties located in Guyana the Tassawini Property, the Puruni gold Project, and the Harpy Property.

Executives

Chatradharee Mohan

10% Security Holder