Heavy Rare Earths (ASX:HRE) Cash And Cash Equivalents : A$1.30 Mil (As of Dec. 2023)

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What is Heavy Rare Earths Cash And Cash Equivalents?

Heavy Rare Earths's quarterly cash and cash equivalents declined from Jun. 2022 (A$3.54 Mil) to Jun. 2023 (A$2.12 Mil) but then stayed the same from Jun. 2023 (A$2.12 Mil) to Dec. 2023 (A$1.30 Mil).

Heavy Rare Earths's annual cash and cash equivalents stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to Jun. 2023 (A$2.12 Mil).

Heavy Rare Earths Cash And Cash Equivalents Historical Data

The historical data trend for Heavy Rare Earths'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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Heavy Rare Earths Cash And Cash Equivalents Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Cash And Cash Equivalents

2.12

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Cash And Cash Equivalents	3.54	2.12	1.30

Heavy Rare Earths 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.

Heavy Rare Earths (ASX:HRE) 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.

Heavy Rare Earths Cash And Cash Equivalents Related Terms

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Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

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