Cavalier Resources (ASX:CVR) Cash And Cash Equivalents : A$1.06 Mil (As of Dec. 2023)

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What is Cavalier Resources Cash And Cash Equivalents?

Cavalier Resources's quarterly cash and cash equivalents increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$1.94 Mil) but then stayed the same from Jun. 2023 (A$1.94 Mil) to Dec. 2023 (A$1.06 Mil).

Cavalier Resources's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$4.40 Mil) but then declined from Jun. 2022 (A$4.40 Mil) to Jun. 2023 (A$1.94 Mil).

Cavalier Resources Cash And Cash Equivalents Historical Data

The historical data trend for Cavalier 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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Cavalier Resources Cash And Cash Equivalents Chart

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

4.40

1.94

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	6.55	4.40	-	1.94	1.06

Cavalier 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.

Cavalier Resources (ASX:CVR) 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.

Cavalier Resources Cash And Cash Equivalents Related Terms

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Cavalier Resources (ASX:CVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cavalier Resources Ltd (ASX:CVR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.