GT Resources (GT Resources) Cash, Cash Equivalents, Marketable Securities : $7.99 Mil (As of Dec. 2023)

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What is GT Resources Cash, Cash Equivalents, Marketable Securities?

GT Resources's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($10.97 Mil) to Sep. 2023 ($9.29 Mil) but then stayed the same from Sep. 2023 ($9.29 Mil) to Dec. 2023 ($7.99 Mil).

GT Resources's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($11.77 Mil) to Dec. 2022 ($8.38 Mil) and declined from Dec. 2022 ($8.38 Mil) to Dec. 2023 ($7.99 Mil).

GT Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for GT Resources's Cash, Cash Equivalents, Marketable Securities 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.

GT Resources Cash, Cash Equivalents, Marketable Securities Chart

GT Resources Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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2.87

5.65

11.77

8.38

7.99

GT Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															8.38	6.68	10.97	9.29	7.99

GT Resources Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

GT Resources (OTCPK:CGTRF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

GT Resources Cash, Cash Equivalents, Marketable Securities Related Terms

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GT Resources (GT Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GT Resources Inc (OTCPK:CGTRF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

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7N11:Germany PDM:Canada

Address

88 Scott Street, Suite 3704, Toronto, ON, CAN, M5E 0A9

Website

https://www.palladiumoneinc.com

Palladium One Mining Inc is a palladium-dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.