GoldMining (TSX:GOLD) Cash, Cash Equivalents, Marketable Securities : C$18.07 Mil (As of Feb. 2024)

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What is GoldMining Cash, Cash Equivalents, Marketable Securities?

GoldMining's quarterly cash, cash equivalents, marketable securities increased from Aug. 2023 (C$20.82 Mil) to Nov. 2023 (C$21.59 Mil) but then stayed the same from Nov. 2023 (C$21.59 Mil) to Feb. 2024 (C$18.07 Mil).

GoldMining's annual cash, cash equivalents, marketable securities declined from Nov. 2021 (C$11.71 Mil) to Nov. 2022 (C$8.33 Mil) but then increased from Nov. 2022 (C$8.33 Mil) to Nov. 2023 (C$21.59 Mil).

GoldMining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for GoldMining'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.

GoldMining Cash, Cash Equivalents, Marketable Securities Chart

GoldMining Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash, Cash Equivalents, Marketable Securities

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6.53

9.29

11.71

8.33

21.59

GoldMining Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															7.64	26.06	20.82	21.59	18.07

GoldMining 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.

GoldMining (TSX:GOLD) 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.

GoldMining Cash, Cash Equivalents, Marketable Securities Related Terms

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GoldMining (TSX:GOLD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldMining Inc (TSX:GOLD) » Definitions » Cash, Cash Equivalents, Marketable Securities

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GLDG:USA BSR:Germany

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldmining.com

GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and other regions of the Americas. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Whistler GoldCopper Project, located in Alaska, United States, Sao Jorge Gold Project located in the State of Para, northeastern Brazil, and Yellowknife Gold Project, located in the Northwest Territories, Canada.