Gelum Resources (XCNQ:GMR) Cash And Cash Equivalents : C$0.01 Mil (As of Oct. 2024)

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What is Gelum Resources Cash And Cash Equivalents?

Gelum Resources's quarterly cash and cash equivalents declined from Apr. 2024 (C$0.03 Mil) to Jul. 2024 (C$0.03 Mil) but then stayed the same from Jul. 2024 (C$0.03 Mil) to Oct. 2024 (C$0.01 Mil).

Gelum Resources's annual cash and cash equivalents declined from Apr. 2022 (C$0.68 Mil) to Apr. 2023 (C$0.01 Mil) but then increased from Apr. 2023 (C$0.01 Mil) to Apr. 2024 (C$0.03 Mil).

Gelum Resources Cash And Cash Equivalents Historical Data

The historical data trend for Gelum Resources'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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Gelum Resources Cash And Cash Equivalents Chart

Gelum Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Cash And Cash Equivalents

0.01

0.68

0.01

0.03

Gelum Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.03	0.02	0.03	0.03	0.01

Gelum Resources 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.

Gelum Resources (XCNQ:GMR) 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.

Gelum Resources Cash And Cash Equivalents Related Terms

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Gelum Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gelum Resources Ltd (XCNQ:GMR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GMRCF:USA

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 3L6

Website

https://www.gelumresources.com

Gelum Resources Ltd is engaged in the acquisition, exploration, and evaluation of mineral properties. Its Eldorado Gold Property is located within the Bralorne-Bridge River Gold District in south-central British Columbia.

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