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Fortescue (Fortescue) Cash, Cash Equivalents, Marketable Securities : $4,749 Mil (As of Dec. 2023)


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What is Fortescue Cash, Cash Equivalents, Marketable Securities?

Fortescue's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 ($4,001.00 Mil) to Jun. 2023 ($4,287.00 Mil) and increased from Jun. 2023 ($4,287.00 Mil) to Dec. 2023 ($4,749.00 Mil).

Fortescue's annual cash, cash equivalents, marketable securities declined from Jun. 2021 ($6,930.00 Mil) to Jun. 2022 ($5,224.00 Mil) and declined from Jun. 2022 ($5,224.00 Mil) to Jun. 2023 ($4,287.00 Mil).

Fortescue Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Fortescue'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.

* Premium members only.

Fortescue Cash, Cash Equivalents, Marketable Securities Chart

Fortescue Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,874.00 4,855.00 6,930.00 5,224.00 4,287.00

Fortescue 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,899.00 5,224.00 4,001.00 4,287.00 4,749.00

Fortescue 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.

Fortescue  (OTCPK:FSUGY) 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.

Fortescue Cash, Cash Equivalents, Marketable Securities Related Terms

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Fortescue (Fortescue) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (OTCPK:FSUGY) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
FSUMF:USA FVJ:Germany FMG:Australia
Address
87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004
Website
https://www.fortescue.com
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.