Buru Energy (ASX:BRU) Cash And Cash Equivalents : A$10.94 Mil (As of Jun. 2023)

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What is Buru Energy Cash And Cash Equivalents?

Buru Energy's quarterly cash and cash equivalents declined from Jun. 2022 (A$19.00 Mil) to Dec. 2022 (A$17.92 Mil) but then stayed the same from Dec. 2022 (A$17.92 Mil) to Jun. 2023 (A$10.94 Mil).

Buru Energy's annual cash and cash equivalents declined from Dec. 2021 (A$23.72 Mil) to Dec. 2022 (A$17.92 Mil) but then increased from Dec. 2022 (A$17.92 Mil) to Dec. 2023 (A$18.20 Mil).

Buru Energy Cash And Cash Equivalents Historical Data

The historical data trend for Buru Energy'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.

Buru Energy Cash And Cash Equivalents Chart

Buru Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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32.42

21.43

23.72

17.92

18.20

Buru Energy 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															23.72	19.00	17.92	10.94	18.20

Buru Energy 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.

Buru Energy (ASX:BRU) 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.

Buru Energy Cash And Cash Equivalents Related Terms

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Buru Energy (ASX:BRU) Business Description

Industry

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BRNGF:USA

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.buruenergy.com

Buru Energy Ltd is engaged in oil and gas exploration and production in the Canning Basin in the northwest of Western Australia. The group is divided into two reportable segments: Oil Production segment which includes development and production of the Ungani Oilfield. Exploration segment, the exploration program is focused on prospects along the Ungani oil trend, the Yulleroo area where gas resources have been identified in the Laurel Formation, the Lennard Shelf area including the shut-in Blina and Sundown Oilfields. The other segment is the Energy Transition segment.

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