Goldeneye Resources (TSXV:GOE.H) Cash And Cash Equivalents : C$0.24 Mil (As of Jan. 2022)

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What is Goldeneye Resources Cash And Cash Equivalents?

Goldeneye Resources's quarterly cash and cash equivalents increased from Jul. 2021 (C$0.36 Mil) to Oct. 2021 (C$0.38 Mil) but then stayed the same from Oct. 2021 (C$0.38 Mil) to Jan. 2022 (C$0.24 Mil).

Goldeneye Resources's annual cash and cash equivalents stayed the same from Apr. 2019 (C$0.00 Mil) to Apr. 2020 (C$0.00 Mil) but then increased from Apr. 2020 (C$0.00 Mil) to Apr. 2021 (C$0.36 Mil).

Goldeneye Resources Cash And Cash Equivalents Historical Data

The historical data trend for Goldeneye Resources'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.

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Goldeneye Resources Cash And Cash Equivalents Chart

Goldeneye Resources Annual Data

Trend

Mar12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Cash And Cash Equivalents

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0.07

0.02

0.36

Goldeneye Resources Quarterly Data
	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.25	0.36	0.36	0.38	0.24

Goldeneye Resources 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.

Goldeneye Resources (TSXV:GOE.H) 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.

Goldeneye Resources Cash And Cash Equivalents Related Terms

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Goldeneye Resources (TSXV:GOE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldeneye Resources Corp (TSXV:GOE.H) » Definitions » Cash And Cash Equivalents

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Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.goldeneyeresources.ca

Goldeneye Resources Corp is a mineral exploration company engaged in exploration of precious metal and base metal projects in North America. The company has signed definitive agreements with Unity Resources Inc to acquire interest in mineral claims known as the Roberts Arm, Grand Lake and Gander River Ultramafic Belt East (GRUBE) projects. The projects are in the province of Newfoundland. The company has also signed a definitive agreement with Windfall Geotek for the Corallen Lake property.

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