Global Uranium (XCNQ:GURN) Cash And Cash Equivalents : C$0.26 Mil (As of Jul. 2024)

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What is Global Uranium Cash And Cash Equivalents?

Global Uranium's quarterly cash and cash equivalents increased from Jul. 2023 (C$0.00 Mil) to Jan. 2024 (C$0.02 Mil) and increased from Jan. 2024 (C$0.02 Mil) to Jul. 2024 (C$0.26 Mil).

Global Uranium's annual cash and cash equivalents stayed the same from . 20 (C$0.00 Mil) to Jan. 2023 (C$0.00 Mil) but then increased from Jan. 2023 (C$0.00 Mil) to Jan. 2024 (C$0.02 Mil).

Global Uranium Cash And Cash Equivalents Historical Data

The historical data trend for Global Uranium'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.

Global Uranium Cash And Cash Equivalents Chart

Global Uranium Annual Data

Trend

Jan23

Jan24

Cash And Cash Equivalents

0.02

Global Uranium Quarterly Data
	Jan23	Jul23	Jan24	Jul24
Cash And Cash Equivalents	-	-	0.02	0.26

Global Uranium 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.

Global Uranium (XCNQ:GURN) 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.

Global Uranium Cash And Cash Equivalents Related Terms

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Global Uranium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Uranium Corp (XCNQ:GURN) » Definitions » Cash And Cash Equivalents

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GURFF:USA Q3J:Germany

Address

1930 – 1177 West Hastings Street, Vancouver, BC, CAN, V6E 4T5

Website

https://www.globaluranium.com

Global Uranium Corp is engaged in the exploration and development of uranium. Its projects include Wing Lake Property and Wyoming Projects.

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