Osisko Development (TSXV:ODV) Cash And Cash Equivalents : C$57.53 Mil (As of Mar. 2024)

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What is Osisko Development Cash And Cash Equivalents?

Osisko Development's quarterly cash and cash equivalents declined from Sep. 2023 (C$71.50 Mil) to Dec. 2023 (C$43.46 Mil) but then increased from Dec. 2023 (C$43.46 Mil) to Mar. 2024 (C$57.53 Mil).

Osisko Development's annual cash and cash equivalents increased from Dec. 2021 (C$33.41 Mil) to Dec. 2022 (C$105.94 Mil) but then declined from Dec. 2022 (C$105.94 Mil) to Dec. 2023 (C$43.46 Mil).

Osisko Development Cash And Cash Equivalents Historical Data

The historical data trend for Osisko Development'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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Osisko Development Cash And Cash Equivalents Chart

Osisko Development Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

8.01

197.43

33.41

105.94

43.46

Osisko Development Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial													122.17	86.90	71.50	43.46	57.53

Osisko Development 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.

Osisko Development (TSXV:ODV) 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.

Osisko Development Cash And Cash Equivalents Related Terms

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Osisko Development (TSXV:ODV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Osisko Development Corp (TSXV:ODV) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ODV:USA 3OZ0:Germany 3OZ0:Germany

Address

1100, Avenue des Canadiens-de-Montreal, Suite 300, P.O. Box 211, Montreal, QC, CAN, H3B 2S2

Website

https://www.osiskodev.com

Osisko Development Corp is a mineral exploration and development company engaged in the acquisition, exploration and development of precious metals resource properties in North America. The company is focused on exploring and developing its mining assets, including the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico and the Trixie test mine in the USA. The Company manages its business through the exploration, evaluation and development activities of its projects.

Executives

Maggie Elizabeth Layman

Senior Officer