Ariana Resources (AQSE:AAU.GB) Cash And Cash Equivalents : £4.46 Mil (As of Jun. 2023)

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What is Ariana Resources Cash And Cash Equivalents?

Ariana Resources's quarterly cash and cash equivalents declined from Jun. 2022 (£14.02 Mil) to Dec. 2022 (£9.38 Mil) but then stayed the same from Dec. 2022 (£9.38 Mil) to Jun. 2023 (£4.46 Mil).

Ariana Resources's annual cash and cash equivalents increased from Dec. 2020 (£2.98 Mil) to Dec. 2021 (£16.39 Mil) but then declined from Dec. 2021 (£16.39 Mil) to Dec. 2022 (£9.38 Mil).

Ariana Resources Cash And Cash Equivalents Historical Data

The historical data trend for Ariana 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.

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Ariana Resources Cash And Cash Equivalents Chart

Ariana Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.94

0.45

2.98

16.39

9.38

Ariana Resources Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															22.43	16.39	14.02	9.38	4.46

Ariana 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.

Ariana Resources (AQSE:AAU.GB) 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.

Ariana Resources Cash And Cash Equivalents Related Terms

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Ariana Resources (AQSE:AAU.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ariana Resources PLC (AQSE:AAU.GB) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

AAU:UK

Address

45 King William Street, 2nd Floor, Regis House, London, GBR, EC4R 9AN

Website

https://www.arianaresources.com

Ariana Resources PLC involves in the acquisition, exploration, and development of gold and technology metals in Turkey and Australia. The company along with its subsidiaries focuses on the Red Rabbit Gold Project located in western Turkey and has the Salinbas,Tavsan, Ivrindi and other projects. The group currently identifies one division as an operating segment: mineral exploration. The activities for this operating segment are as follows: Mineral exploration: incorporates the acquisition, exploration and development of mineral resources. Reconciling items include non mineral exploration costs and transactions between Group and associate companies. Its geographical segments include the United Kingdom and Turkey.

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