Victoria Gold (Victoria Gold) Cash And Cash Equivalents : $21.1 Mil (As of Mar. 2024)

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What is Victoria Gold Cash And Cash Equivalents?

Victoria Gold's quarterly cash and cash equivalents declined from Sep. 2023 ($13.95 Mil) to Dec. 2023 ($11.16 Mil) but then increased from Dec. 2023 ($11.16 Mil) to Mar. 2024 ($21.05 Mil).

Victoria Gold's annual cash and cash equivalents declined from Dec. 2021 ($24.42 Mil) to Dec. 2022 ($15.14 Mil) and declined from Dec. 2022 ($15.14 Mil) to Dec. 2023 ($11.16 Mil).

Victoria Gold Cash And Cash Equivalents Historical Data

The historical data trend for Victoria 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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Victoria Gold Cash And Cash Equivalents Chart

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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9.33

43.83

24.42

15.14

11.16

Victoria Gold Quarterly Data
	May19	Aug19	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															17.25	20.73	13.95	11.16	21.05

Victoria 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.

Victoria Gold (OTCPK:VITFF) 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.

Victoria Gold Cash And Cash Equivalents Related Terms

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Victoria Gold (Victoria Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victoria Gold Corp (OTCPK:VITFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

VI9A:Germany VGCX:Canada

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://www.vitgoldcorp.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. The exploration potential of the company's 100% owned greater Dublin Gulch property is good and includes priority targets Olive-Shamrock and Nugget-Raven.

Victoria Gold (Victoria Gold) Headlines

From GuruFocus

Victoria Gold Closes $1.7M Flow Through Financing

By GlobeNewswire GlobeNewswire • 12-29-2018

Victoria Gold: Acquires Yukon Properties

By GlobeNewswire • 09-14-2023

Victoria Gold Announces Restructuring of C$32.5 Million Bought Deal Financing to Include Private Placement Component

By GlobeNewswire GlobeNewswire • 03-23-2019

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Victoria Gold Corp. (VITFF) Investigation

By PRNewswire PRNewswire • 05-06-2021

Victoria Gold � Record Setting Gold Production and Corporate Update

By GlobeNewswire GlobeNewswire • 09-12-2021

Victoria Gold: Operational Update

By GlobeNewswire • 07-31-2023

Victoria Gold Announces Voting Results from Annual General Meeting

By GlobeNewswire GlobeNewswire • 06-24-2021