Brazilian Rare Earths (ASX:BRE) Cash, Cash Equivalents, Marketable Securities : A$48.92 Mil (As of Jun. 2023)

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What is Brazilian Rare Earths Cash, Cash Equivalents, Marketable Securities?

Brazilian Rare Earths's quarterly cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Dec. 2022 (A$18.43 Mil) and increased from Dec. 2022 (A$18.43 Mil) to Jun. 2023 (A$48.92 Mil).

Brazilian Rare Earths's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Dec. 2022 (A$18.43 Mil) and increased from Dec. 2022 (A$18.43 Mil) to Dec. 2023 (A$48.84 Mil).

Brazilian Rare Earths Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Brazilian Rare Earths's Cash, Cash Equivalents, Marketable Securities 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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Brazilian Rare Earths Cash, Cash Equivalents, Marketable Securities Chart

Brazilian Rare Earths Annual Data

Trend

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

18.43

48.84

Brazilian Rare Earths Semi-Annual Data
	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	18.43	48.92	48.84

Brazilian Rare Earths Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Brazilian Rare Earths (ASX:BRE) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Brazilian Rare Earths Cash, Cash Equivalents, Marketable Securities Related Terms

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Brazilian Rare Earths (ASX:BRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (ASX:BRE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

X84:Germany X84:Germany

Address

11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151

Website

https://www.brazilianrareearths.com

Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

Brazilian Rare Earths (ASX:BRE) Headlines

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