Kumba Iron Ore (Kumba Iron Ore) Cash And Cash Equivalents : $809 Mil (As of Dec. 2023)

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What is Kumba Iron Ore Cash And Cash Equivalents?

Kumba Iron Ore's quarterly cash and cash equivalents declined from Dec. 2022 ($827.03 Mil) to Jun. 2023 ($633.30 Mil) but then increased from Jun. 2023 ($633.30 Mil) to Dec. 2023 ($809.33 Mil).

Kumba Iron Ore's annual cash and cash equivalents declined from Dec. 2021 ($925.71 Mil) to Dec. 2022 ($827.03 Mil) and declined from Dec. 2022 ($827.03 Mil) to Dec. 2023 ($809.33 Mil).

Kumba Iron Ore Cash And Cash Equivalents Historical Data

The historical data trend for Kumba Iron Ore'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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Kumba Iron Ore Cash And Cash Equivalents Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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875.41

1,447.20

925.71

827.03

809.33

Kumba Iron Ore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															925.71	873.76	827.03	633.30	809.33

Kumba Iron Ore 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.

Kumba Iron Ore (OTCPK:KIROY) 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.

Kumba Iron Ore Cash And Cash Equivalents Related Terms

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Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

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