Sibanye Stillwater (Sibanye Stillwater) Cash, Cash Equivalents, Marketable Securities : $1,372 Mil (As of Dec. 2023)

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What is Sibanye Stillwater Cash, Cash Equivalents, Marketable Securities?

Sibanye Stillwater's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($1,509.03 Mil) to Jun. 2023 ($1,182.14 Mil) but then increased from Jun. 2023 ($1,182.14 Mil) to Dec. 2023 ($1,371.78 Mil).

Sibanye Stillwater's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($1,906.16 Mil) to Dec. 2022 ($1,509.03 Mil) and declined from Dec. 2022 ($1,509.03 Mil) to Dec. 2023 ($1,371.78 Mil).

Sibanye Stillwater Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sibanye Stillwater'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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Sibanye Stillwater Cash, Cash Equivalents, Marketable Securities Chart

Sibanye Stillwater Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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390.14

1,360.05

1,906.16

1,509.03

1,371.78

Sibanye Stillwater Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,906.16	1,722.99	1,509.03	1,182.14	1,371.78

Sibanye Stillwater 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.

Sibanye Stillwater (NYSE:SBSW) 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.

Sibanye Stillwater Cash, Cash Equivalents, Marketable Securities Related Terms

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Sibanye Stillwater (Sibanye Stillwater) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sibanye Stillwater Ltd (NYSE:SBSW) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

SSW:South Africa SBYSF:USA SBSW:Mexico 47V:Germany 47V:Germany 47VS:Germany 47V:Germany 47VS:Germany 47VS:Germany S1BS34:Brazil

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709

Website

https://www.sibanyestillwater.com

Sibanye Stillwater Ltd is a South Africa-focused mining company. The Group currently owns and operates five underground and surface gold operations in South Africa: the Cooke, DRDGOLD, Driefontein, and Kloof operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State province. In addition to mining, the company owns and manages extraction and processing facilities at its operations, where gold-bearing ore is treated and beneficiated to produce gold dore. The gold dore is further refined at Rand Refinery into gold bars with a purity of at least 99.5% and is then sold on international markets. Sibanye holds a 44% interest in Rand Refinery, global refiners of gold, and the largest in Africa. Rand Refinery markets gold to customers around the world.