Gander Gold (XCNQ:GAND) Cash And Cash Equivalents : C$0.02 Mil (As of Mar. 2024)

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What is Gander Gold Cash And Cash Equivalents?

Gander Gold's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.35 Mil) to Dec. 2023 (C$0.04 Mil) but then stayed the same from Dec. 2023 (C$0.04 Mil) to Mar. 2024 (C$0.02 Mil).

Gander Gold's annual cash and cash equivalents declined from Jun. 2021 (C$4.42 Mil) to Jun. 2022 (C$0.70 Mil) and declined from Jun. 2022 (C$0.70 Mil) to Jun. 2023 (C$0.57 Mil).

Gander Gold Cash And Cash Equivalents Historical Data

The historical data trend for Gander 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.

Gander Gold Cash And Cash Equivalents Chart

Gander Gold Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

4.42

0.70

0.57

Gander Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial						1.57	0.57	0.35	0.04	0.02

Gander 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.

Gander Gold (XCNQ:GAND) 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.

Gander Gold Cash And Cash Equivalents Related Terms

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Gander Gold (XCNQ:GAND) Business Description

Industry

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

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Traded in Other Exchanges

GANDF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.gandergold.com

Gander Gold Corp is an exploration stage resource company engaged in the identification, acquisition, and exploration of precious and base metals projects in Canada. Its focus is the prospective ground in the Central Newfoundland Gold Belt, on Canada's Atlantic coast. The company's projects in Newfoundland include Gander North, Mt. Peyton, Cape Ray II, BLT, Carmanville Gander South, Hermitage, and Little River.

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