Inmet Mining (FRA:MMC) Cash And Cash Equivalents : €787.6 Mil (As of Dec. 2012)

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What is Inmet Mining Cash And Cash Equivalents?

Inmet Mining's quarterly cash and cash equivalents declined from Jun. 2012 (€2,178.25 Mil) to Sep. 2012 (€916.97 Mil) but then stayed the same from Sep. 2012 (€916.97 Mil) to Dec. 2012 (€787.59 Mil).

Inmet Mining's annual cash and cash equivalents increased from Dec. 2010 (€0.00 Mil) to Dec. 2011 (€607.36 Mil) and increased from Dec. 2011 (€607.36 Mil) to Dec. 2012 (€787.59 Mil).

Inmet Mining Cash And Cash Equivalents Historical Data

The historical data trend for Inmet 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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Inmet Mining Cash And Cash Equivalents Chart

Inmet Mining Annual Data

Trend

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Dec12

Cash And Cash Equivalents

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348.25

607.36

787.59

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Cash And Cash Equivalents	Get a 7-Day Free Trial															607.36	-	2,178.25	916.97	787.59

Inmet 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.

Inmet Mining (FRA:MMC) 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.

Inmet Mining Cash And Cash Equivalents Related Terms

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Inmet Mining (FRA:MMC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inmet Mining Corporation (FRA:MMC) » Definitions » Cash And Cash Equivalents

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.