DRDGold (DRDGold) Cash And Cash Equivalents : $131.2 Mil (As of Jun. 2023)

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What is DRDGold Cash And Cash Equivalents?

DRDGold's quarterly cash and cash equivalents increased from Jun. 2021 ($155.95 Mil) to Jun. 2022 ($159.03 Mil) but then stayed the same from Jun. 2022 ($159.03 Mil) to Jun. 2023 ($131.24 Mil).

DRDGold's annual cash and cash equivalents increased from Jun. 2021 ($155.95 Mil) to Jun. 2022 ($159.03 Mil) but then declined from Jun. 2022 ($159.03 Mil) to Jun. 2023 ($131.24 Mil).

DRDGold Cash And Cash Equivalents Historical Data

The historical data trend for DRDGold'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.

* Premium members only.

DRDGold Cash And Cash Equivalents Chart

DRDGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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19.16

100.10

155.95

159.03

131.24

DRDGold Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															19.16	100.10	155.95	159.03	131.24

DRDGold 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.

DRDGold (NYSE:DRD) 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.

DRDGold Cash And Cash Equivalents Related Terms

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DRDGold (DRDGold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (NYSE:DRD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRDGF:USA 0ICU:UK DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

DRDGold (DRDGold) Headlines

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