Gold Road Resources (ASX:GOR) Cash And Cash Equivalents : A$143.8 Mil (As of Dec. 2023)

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What is Gold Road Resources Cash And Cash Equivalents?

Gold Road Resources's quarterly cash and cash equivalents increased from Dec. 2022 (A$74.42 Mil) to Jun. 2023 (A$152.56 Mil) but then stayed the same from Jun. 2023 (A$152.56 Mil) to Dec. 2023 (A$143.85 Mil).

Gold Road Resources's annual cash and cash equivalents declined from Dec. 2021 (A$131.51 Mil) to Dec. 2022 (A$74.42 Mil) but then increased from Dec. 2022 (A$74.42 Mil) to Dec. 2023 (A$143.85 Mil).

Gold Road Resources Cash And Cash Equivalents Historical Data

The historical data trend for Gold Road 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.

* Premium members only.

Gold Road Resources Cash And Cash Equivalents Chart

Gold Road Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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101.33

126.39

131.51

74.42

143.85

Gold Road Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															131.51	160.27	74.42	152.56	143.85

Gold Road 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.

Gold Road Resources (ASX:GOR) 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.

Gold Road Resources Cash And Cash Equivalents Related Terms

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Gold Road Resources (ASX:GOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Road Resources Ltd (ASX:GOR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ELKMF:USA E6Q:Germany

Address

26 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.goldroad.com.au

Gold Road Resources Ltd together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company operates in three reportable segments that are Operations, Exploration, and Unallocated, out of which the majority of the revenue is generated from the Operations segment.

Gold Road Resources (ASX:GOR) Headlines

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