Spanish Mountain Gold (STU:S3Y) Cash And Cash Equivalents : €2.26 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Spanish Mountain Gold Cash And Cash Equivalents?

Spanish Mountain Gold's quarterly cash and cash equivalents declined from Jun. 2023 (€4.44 Mil) to Sep. 2023 (€3.38 Mil) but then stayed the same from Sep. 2023 (€3.38 Mil) to Dec. 2023 (€2.26 Mil).

Spanish Mountain Gold's annual cash and cash equivalents declined from Dec. 2021 (€4.62 Mil) to Dec. 2022 (€1.96 Mil) but then increased from Dec. 2022 (€1.96 Mil) to Dec. 2023 (€2.26 Mil).

Spanish Mountain Gold Cash And Cash Equivalents Historical Data

The historical data trend for Spanish Mountain Gold's Cash And Cash Equivalents 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.

Spanish Mountain Gold Cash And Cash Equivalents Chart

Spanish Mountain Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.28

1.24

4.62

1.96

2.26

Spanish Mountain Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.96	0.91	4.44	3.38	2.26

Spanish Mountain Gold Cash And Cash Equivalents 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.

Spanish Mountain Gold (STU:S3Y) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Spanish Mountain Gold Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Spanish Mountain Gold's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Spanish Mountain Gold (STU:S3Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spanish Mountain Gold Ltd (STU:S3Y) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SPAZF:USA S3Y:Germany SPA:Canada

Address

1111 Melville Street, Suite 910, Vancouver, BC, CAN, V6E 3V6

Website

https://www.spanishmountaingold.com

Spanish Mountain Gold Ltd is an exploration stage resource company. It is focused on de-risking and optimizing its Spanish Mountain gold project in southern central British Columbia. The company has one operating segment being the Mineral exploration, and all of its long-term assets are located in Canada.

Spanish Mountain Gold (STU:S3Y) Headlines

No Headlines