Aspire Mining (ASX:AKM) Cash And Cash Equivalents : A$7.11 Mil (As of Dec. 2023)

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What is Aspire Mining Cash And Cash Equivalents?

Aspire Mining's quarterly cash and cash equivalents declined from Dec. 2022 (A$29.82 Mil) to Jun. 2023 (A$12.75 Mil) but then stayed the same from Jun. 2023 (A$12.75 Mil) to Dec. 2023 (A$7.11 Mil).

Aspire Mining's annual cash and cash equivalents declined from Jun. 2020 (A$40.54 Mil) to Jun. 2021 (A$33.58 Mil) and declined from Jun. 2021 (A$33.58 Mil) to Jun. 2022 (A$31.32 Mil).

Aspire Mining Cash And Cash Equivalents Historical Data

The historical data trend for Aspire Mining'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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Aspire Mining Cash And Cash Equivalents Chart

Aspire Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Cash And Cash Equivalents

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7.34

11.23

40.54

33.58

31.32

Aspire Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															33.29	31.32	29.82	12.75	7.11

Aspire Mining 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.

Aspire Mining (ASX:AKM) 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.

Aspire Mining Cash And Cash Equivalents Related Terms

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Aspire Mining (ASX:AKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aspire Mining Ltd (ASX:AKM) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

WKU:Germany

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 6000

Website

https://www.aspiremininglimited.com

Aspire Mining Ltd is a mineral exploration and development company. It principally engages in the business of exploring coal and progresses on the approval process for the development and funding of a rail line in northern Mongolia. It holds interests in various assets that are located in Mongolia. The company's segments include Australia, Mongolia, and Singapore. It also holds an interest in other projects such as the Ovoot coking coal, Nuurstei coal and coking coal market. The Ovoot project is a large-scale coking coal project. Majority of the company's revenue comes from Australian segment.

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