Discovery Metals (ASX:DML) Cash And Cash Equivalents : A$4.9 Mil (As of Jun. 2014)

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What is Discovery Metals Cash And Cash Equivalents?

Discovery Metals's quarterly cash and cash equivalents declined from Jun. 2012 (A$59.18 Mil) to Jun. 2013 (A$22.98 Mil) but then stayed the same from Jun. 2013 (A$22.98 Mil) to Jun. 2014 (A$4.86 Mil).

Discovery Metals's annual cash and cash equivalents declined from Jun. 2012 (A$59.18 Mil) to Jun. 2013 (A$22.98 Mil) and declined from Jun. 2013 (A$22.98 Mil) to Jun. 2014 (A$4.86 Mil).

Discovery Metals Cash And Cash Equivalents Historical Data

The historical data trend for Discovery Metals'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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Discovery Metals Cash And Cash Equivalents Chart

Discovery Metals Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Cash And Cash Equivalents

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39.34

82.70

59.18

22.98

4.86

Discovery Metals Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Cash And Cash Equivalents	Get a 7-Day Free Trial						39.34	82.70	59.18	22.98	4.86

Discovery Metals 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.

Discovery Metals (ASX:DML) 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.

Discovery Metals Cash And Cash Equivalents Related Terms

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Discovery Metals (ASX:DML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Metals Ltd (ASX:DML) » Definitions » Cash And Cash Equivalents

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Address

Website

http://www.discoverymetals.com

Discovery Metals Limited (DML) is incorporated in Australia. It is engaged in nickel and copper exploration company. The company focuses on the exploration and development on its two major projects in Botswana being the Maun Copper Project and the Dikoloti Nickel Project.

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