Allied Gold (TSX:AAUC) Cash, Cash Equivalents, Marketable Securities : C$169.7 Mil (As of Mar. 2024)

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What is Allied Gold Cash, Cash Equivalents, Marketable Securities?

Allied Gold's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (C$268.69 Mil) to Dec. 2023 (C$212.83 Mil) but then stayed the same from Dec. 2023 (C$212.83 Mil) to Mar. 2024 (C$169.70 Mil).

Allied Gold's annual cash, cash equivalents, marketable securities increased from . 20 (C$0.00 Mil) to Dec. 2022 (C$61.35 Mil) and increased from Dec. 2022 (C$61.35 Mil) to Dec. 2023 (C$212.83 Mil).

Allied Gold Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Allied Gold'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.

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Allied Gold Cash, Cash Equivalents, Marketable Securities Chart

Allied Gold Annual Data

Trend

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

61.35

212.83

Allied Gold Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			61.35	-	268.69	212.83	169.70

Allied Gold 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.

Allied Gold (TSX:AAUC) 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.

Allied Gold Cash, Cash Equivalents, Marketable Securities Related Terms

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Allied Gold (TSX:AAUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (TSX:AAUC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

AAUCF:USA

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4

Website

Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.

Executives

Gerardo Fernandez-tobar

Senior Officer

Allied Gold (TSX:AAUC) Headlines

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