Big Gold (XCNQ:BG) Cash And Cash Equivalents : C$0.08 Mil (As of Mar. 2024)

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What is Big Gold Cash And Cash Equivalents?

Big Gold's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.41 Mil) to Dec. 2023 (C$0.29 Mil) but then stayed the same from Dec. 2023 (C$0.29 Mil) to Mar. 2024 (C$0.08 Mil).

Big Gold's annual cash and cash equivalents declined from Dec. 2021 (C$0.79 Mil) to Dec. 2022 (C$0.22 Mil) but then increased from Dec. 2022 (C$0.22 Mil) to Dec. 2023 (C$0.29 Mil).

Big Gold Cash And Cash Equivalents Historical Data

The historical data trend for Big 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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Big Gold Cash And Cash Equivalents Chart

Big Gold Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.79

0.22

0.29

Big Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.11	0.53	0.41	0.29	0.08

Big 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.

Big Gold (XCNQ:BG) 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.

Big Gold Cash And Cash Equivalents Related Terms

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Big Gold (XCNQ:BG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Gold Inc (XCNQ:BG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

H7L:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.biggold.ca

Big Gold Inc is a mineral exploration and development company focused on the acquisition and exploration of mineral properties. The company's primary focus is the exploration and development of the Martin Kenty project located in Kenora, Ontario in the Rainy River mining district.