Xtra-Gold Resources (TSX:XTG) Cash, Cash Equivalents, Marketable Securities : C$14.37 Mil (As of Mar. 2024)

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What is Xtra-Gold Resources Cash, Cash Equivalents, Marketable Securities?

Xtra-Gold Resources's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (C$16.22 Mil) to Dec. 2023 (C$12.57 Mil) but then increased from Dec. 2023 (C$12.57 Mil) to Mar. 2024 (C$14.37 Mil).

Xtra-Gold Resources's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (C$10.30 Mil) to Dec. 2022 (C$12.60 Mil) but then declined from Dec. 2022 (C$12.60 Mil) to Dec. 2023 (C$12.57 Mil).

Xtra-Gold Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Xtra-Gold 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.

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Xtra-Gold Resources Cash, Cash Equivalents, Marketable Securities Chart

Xtra-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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6.41

8.71

10.30

12.60

12.57

Xtra-Gold Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															14.41	14.95	16.22	12.57	14.37

Xtra-Gold 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.

Xtra-Gold Resources (TSX:XTG) 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.

Xtra-Gold Resources Cash, Cash Equivalents, Marketable Securities Related Terms

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Xtra-Gold Resources (TSX:XTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtra-Gold Resources Corp (TSX:XTG) » Definitions » Cash, Cash Equivalents, Marketable Securities

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XTGRF:USA

Address

Shirley Street Plaza, Suite 2150, P.O Box AP 59217, Nassau, BHS

Website

https://www.xtragold.com

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.

Executives

Leon Van Der Merwe

10% Security Holder

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