Sierra Rutile Holdings (ASX:SRX) Cash And Cash Equivalents : A$11.7 Mil (As of Dec. 2023)

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What is Sierra Rutile Holdings Cash And Cash Equivalents?

Sierra Rutile Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (A$55.89 Mil) to Jun. 2023 (A$48.70 Mil) but then stayed the same from Jun. 2023 (A$48.70 Mil) to Dec. 2023 (A$11.72 Mil).

Sierra Rutile Holdings's annual cash and cash equivalents increased from Dec. 2021 (A$13.14 Mil) to Dec. 2022 (A$55.89 Mil) but then declined from Dec. 2022 (A$55.89 Mil) to Dec. 2023 (A$11.72 Mil).

Sierra Rutile Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Sierra Rutile Holdings'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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Sierra Rutile Holdings Cash And Cash Equivalents Chart

Sierra Rutile Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

13.14

55.89

11.72

Sierra Rutile Holdings Semi-Annual Data
	Dec22	Jun23	Dec23
Cash And Cash Equivalents	55.89	48.70	11.72

Sierra Rutile Holdings 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.

Sierra Rutile Holdings (ASX:SRX) 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.

Sierra Rutile Holdings Cash And Cash Equivalents Related Terms

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Sierra Rutile Holdings (ASX:SRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Rutile Holdings Ltd (ASX:SRX) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SRRHF:USA

Address

225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.sierra-rutile.com

Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Titanium Dioxide Feedstocks, Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications.

Sierra Rutile Holdings (ASX:SRX) Headlines

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