Gold Mountain (ASX:GMN) Cash And Cash Equivalents : A$0.75 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Gold Mountain Cash And Cash Equivalents?

Gold Mountain's quarterly cash and cash equivalents declined from Dec. 2022 (A$2.77 Mil) to Jun. 2023 (A$1.30 Mil) but then stayed the same from Jun. 2023 (A$1.30 Mil) to Dec. 2023 (A$0.75 Mil).

Gold Mountain's annual cash and cash equivalents declined from Jun. 2021 (A$0.78 Mil) to Jun. 2022 (A$0.66 Mil) but then increased from Jun. 2022 (A$0.66 Mil) to Jun. 2023 (A$1.30 Mil).

Gold Mountain Cash And Cash Equivalents Historical Data

The historical data trend for Gold Mountain'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.

Gold Mountain Cash And Cash Equivalents Chart

Gold Mountain Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.05

1.84

0.78

0.66

1.30

Gold Mountain 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															1.99	0.66	2.77	1.30	0.75

Gold Mountain 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.

Gold Mountain (ASX:GMN) 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.

Gold Mountain Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Gold Mountain's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold Mountain (ASX:GMN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

24/589 Stirling Highway, Cottesloe, WA, AUS, 6011

Website

https://www.goldmountainltd.com.au

Gold Mountain Ltd is engaged in exploring, and developing areas that are prospective for gold and other precious and base metals and minerals. The company's geographical segment includes Australia, Brazil and Papua New Guinea. It generates maximum revenue from Australia. Some of its projects include the Wabag Project and Mongae Creek.

Gold Mountain (ASX:GMN) Headlines

No Headlines