E2Gold (E2Gold) Cash, Cash Equivalents, Marketable Securities : $0.14 Mil (As of Jan. 2024)

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What is E2Gold Cash, Cash Equivalents, Marketable Securities?

E2Gold's quarterly cash, cash equivalents, marketable securities increased from Jul. 2023 ($0.09 Mil) to Oct. 2023 ($0.11 Mil) and increased from Oct. 2023 ($0.11 Mil) to Jan. 2024 ($0.14 Mil).

E2Gold's annual cash, cash equivalents, marketable securities declined from Jul. 2021 ($4.71 Mil) to Jul. 2022 ($1.79 Mil) and declined from Jul. 2022 ($1.79 Mil) to Jul. 2023 ($0.09 Mil).

E2Gold Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for E2Gold's Cash, Cash Equivalents, Marketable Securities 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.

E2Gold Cash, Cash Equivalents, Marketable Securities Chart

E2Gold Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Cash, Cash Equivalents, Marketable Securities

0.10

4.71

1.79

0.09

E2Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												0.29	0.15	0.09	0.11	0.14

E2Gold Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

E2Gold (OTCPK:ETUGF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

E2Gold Cash, Cash Equivalents, Marketable Securities Related Terms

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E2Gold (E2Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E2Gold Inc (OTCPK:ETUGF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

ETU:Canada

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.e2gold.ca

E2Gold Inc. is engaged in acquisition, exploration and evaluation of gold and other mineral properties. The company's projects include Hawkins project, which is located in northern Ontario and Band-Ore project, which is located in west of Thunder Bay, Ontario.