What is Maple Gold Mines Cash, Cash Equivalents, Marketable Securities?
Maple Gold Mines‘s quarterly cash, cash equivalents, marketable securities
declined
from Sep. 2023 (€3.27 Mil) to Mar. 2024 (€1.83 Mil) but then
increased
from Mar. 2024 (€1.83 Mil) to Jun. 2024 (€3.59 Mil).
Maple Gold Mines‘s annual cash, cash equivalents, marketable securities
increased
from Dec. 2020 (€12.84 Mil) to Dec. 2021 (€15.15 Mil) but then
declined
from Dec. 2021 (€15.15 Mil) to Dec. 2022 (€6.78 Mil).
Maple Gold Mines Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Maple Gold Mines‘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.
Maple Gold Mines Cash, Cash Equivalents, Marketable Securities Chart
Maple Gold Mines 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.
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.
Maple Gold Mines Cash, Cash Equivalents, Marketable Securities Related Terms
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Maple Gold Mines Business Description
Traded in Other Exchanges
Address
600 – 1111 West Hastings Street, 6th Floor, Vancouver, BC, CAN, V6E 2J3
Maple Gold Mines Ltd is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Ltd to jointly advance the district-scale Douay and Joutel gold projects located in Quebec’s prolific Abitibi Greenstone Gold Belt. The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. Its segment includes mineral exploration in Canada. The company is well-capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.
