GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » US Goldmining Inc (NAS:USGO) » Definitions » Cash, Cash Equivalents, Marketable Securities

US Goldmining (US Goldmining) Cash, Cash Equivalents, Marketable Securities : $10.74 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is US Goldmining Cash, Cash Equivalents, Marketable Securities?

US Goldmining's quarterly cash, cash equivalents, marketable securities declined from Aug. 2023 ($13.78 Mil) to Nov. 2023 ($11.40 Mil) but then stayed the same from Nov. 2023 ($11.40 Mil) to Mar. 2024 ($10.74 Mil).

US Goldmining's annual cash, cash equivalents, marketable securities increased from Nov. 2020 ($0.00 Mil) to Nov. 2021 ($0.01 Mil) and increased from Nov. 2021 ($0.01 Mil) to Nov. 2022 ($0.06 Mil).

US Goldmining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for US 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.

US Goldmining Cash, Cash Equivalents, Marketable Securities Chart

US Goldmining Annual Data
Trend Nov20 Nov21 Nov22
Cash, Cash Equivalents, Marketable Securities
- 0.01 0.06

US Goldmining Quarterly Data
Nov20 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Mar24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.11 18.07 13.78 11.40 10.74

US 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.

US Goldmining  (NAS:USGO) 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.

US Goldmining Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of US Goldmining's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

US Goldmining (US Goldmining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » US Goldmining Inc (NAS:USGO) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
FUST XPL UAMY BLTH WWR REEMF TMRC LITM LBRMF BYU ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
Q0G:Germany
Address
1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.us.goldmining.com
US Goldmining Inc is a mineral exploration and development company. It is a focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska.
Executives
Goldmining Inc. 10 percent owner 1188 WEST GEORGIA STREET, SUITE 1830, VANCOUVER A1 V6E 4A2
Aleksandra Bukacheva director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Garnet Linn Dawson director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Ross Lawrence Sherlock director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Laura Schmidt director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Alastair Charles Still director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Timothy Robert Smith officer: Chief Executive Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Lisa Jean Wade director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Tyler Michael Wong officer: Chief Financial Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3