American Eagle Gold (TSXV:AE) Cash And Cash Equivalents : C$5.84 Mil (As of Mar. 2024)

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What is American Eagle Gold Cash And Cash Equivalents?

American Eagle Gold's quarterly cash and cash equivalents declined from Sep. 2023 (C$4.52 Mil) to Dec. 2023 (C$4.39 Mil) but then increased from Dec. 2023 (C$4.39 Mil) to Mar. 2024 (C$5.84 Mil).

American Eagle Gold's annual cash and cash equivalents declined from Dec. 2021 (C$2.90 Mil) to Dec. 2022 (C$0.71 Mil) but then increased from Dec. 2022 (C$0.71 Mil) to Dec. 2023 (C$4.39 Mil).

American Eagle Gold Cash And Cash Equivalents Historical Data

The historical data trend for American Eagle 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.

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American Eagle Gold Cash And Cash Equivalents Chart

American Eagle Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.14

2.90

0.71

4.39

American Eagle Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.71	1.51	4.52	4.39	5.84

American Eagle 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.

American Eagle Gold (TSXV:AE) 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.

American Eagle Gold Cash And Cash Equivalents Related Terms

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American Eagle Gold (TSXV:AE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Eagle Gold Corp (TSXV:AE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

AMEGF:USA

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.americaneaglegold.ca

American Eagle Gold Corp is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. NAK's known copper-gold porphyry mineralization is open at depth and is defined by a compelling geophysical signature analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project located in Northwest BC. The company is drilling to test the property's geophysical features in search of a robust underground block cave copper-gold porphyry deposit.

Executives

Stephen Alexander Nelson Stewart

10% Security Holder, Director