GRSFF (Greencastle Resources) Cash And Cash Equivalents : $0.16 Mil (As of Jun. 2024)

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What is Greencastle Resources Cash And Cash Equivalents?

Greencastle Resources's quarterly cash and cash equivalents increased from Dec. 2023 ($0.11 Mil) to Mar. 2024 ($0.15 Mil) and increased from Mar. 2024 ($0.15 Mil) to Jun. 2024 ($0.16 Mil).

Greencastle Resources's annual cash and cash equivalents declined from Dec. 2021 ($0.41 Mil) to Dec. 2022 ($0.22 Mil) and declined from Dec. 2022 ($0.22 Mil) to Dec. 2023 ($0.11 Mil).

Greencastle Resources Cash And Cash Equivalents Historical Data

The historical data trend for Greencastle Resources'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.

* Premium members only.

Greencastle Resources Cash And Cash Equivalents Chart

Greencastle Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.36

0.17

0.41

0.22

0.11

Greencastle Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.14	0.16	0.11	0.15	0.16

Greencastle Resources 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.

Greencastle Resources (OTCPK:GRSFF) 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.

Greencastle Resources Cash And Cash Equivalents Related Terms

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Greencastle Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greencastle Resources Ltd (OTCPK:GRSFF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

VGN:Canada

Address

82 Richmond Street East, Suite 200, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://greencastle.ltd

Greencastle Resources Ltd is a diversified company with interests in gold and base metals exploration and oil and gas exploration and royalties, as well as in strategic investments in other companies that are traded on the North American exchanges. The Company's reportable segments are; investments in private and public companies, oil and gas interests, and mining interests. The Company's investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests, and The mining segment is comprised of its mining interests in Canada and in the USA.

Greencastle Resources Headlines

From GuruFocus

Greencastle Reports New Mineralized Zone at Jewel Ridge, Nevada

By GlobeNewswire GlobeNewswire • 11-23-2020

Greencastle Grants Stock Options

By GlobeNewswire GlobeNewswire • 08-24-2021

Greencastle Announces Normal Course Issuer Bid

By GlobeNewswire GlobeNewswire • 05-10-2019

Work Begins at Greencastle's Jewel Ridge Gold Property, Nevada, USA

By GlobeNewswire GlobeNewswire • 02-25-2020