Australian Mines (ASX:AUZ) Cash And Cash Equivalents : A$3.86 Mil (As of Dec. 2023)

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What is Australian Mines Cash And Cash Equivalents?

Australian Mines's quarterly cash and cash equivalents declined from Dec. 2022 (A$6.93 Mil) to Jun. 2023 (A$4.63 Mil) but then stayed the same from Jun. 2023 (A$4.63 Mil) to Dec. 2023 (A$3.86 Mil).

Australian Mines's annual cash and cash equivalents increased from Jun. 2021 (A$3.64 Mil) to Jun. 2022 (A$3.99 Mil) and increased from Jun. 2022 (A$3.99 Mil) to Jun. 2023 (A$4.63 Mil).

Australian Mines Cash And Cash Equivalents Historical Data

The historical data trend for Australian Mines'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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Australian Mines Cash And Cash Equivalents Chart

Australian Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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3.36

3.24

3.64

3.99

4.63

Australian Mines 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															5.75	3.99	6.93	4.63	3.86

Australian Mines 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.

Australian Mines (ASX:AUZ) 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.

Australian Mines Cash And Cash Equivalents Related Terms

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Australian Mines (ASX:AUZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Mines Ltd (ASX:AUZ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

AMSLF:USA MJH:Germany

Address

1 Eagle Street, Level 34, Brisbane, QLD, AUS, 4000

Website

https://www.australianmines.com.au

Australian Mines Ltd is a resource company. It is engaged in the exploration of battery metals. The company is developing cobalt-scandium-nickel projects in Australia. Its projects include the Sconi project, Flemington project, Thackaringa Cobalt project, and Bell Creek Nickel- cobalt Project. The Company operates in one reportable segment, being mining in Australia. It operates in one single reportable geographical segment which is Australia.

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