Indophil Resources NL (ASX:IRN) Cash And Cash Equivalents : A$208.70 Mil (As of Jun. 2014)

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What is Indophil Resources NL Cash And Cash Equivalents?

Indophil Resources NL's quarterly cash and cash equivalents declined from Jun. 2013 (A$223.62 Mil) to Dec. 2013 (A$215.09 Mil) but then stayed the same from Dec. 2013 (A$215.09 Mil) to Jun. 2014 (A$208.70 Mil).

Indophil Resources NL's annual cash and cash equivalents increased from Dec. 2011 (A$195.87 Mil) to Dec. 2012 (A$235.04 Mil) but then declined from Dec. 2012 (A$235.04 Mil) to Dec. 2013 (A$215.09 Mil).

Indophil Resources NL Cash And Cash Equivalents Historical Data

The historical data trend for Indophil Resources NL'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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Indophil Resources NL Cash And Cash Equivalents Chart

Indophil Resources NL Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash And Cash Equivalents

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36.06

32.16

195.87

235.04

215.09

Indophil Resources NL Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Cash And Cash Equivalents	Get a 7-Day Free Trial															247.28	235.04	223.62	215.09	208.70

Indophil Resources NL 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.

Indophil Resources NL (ASX:IRN) 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.

Indophil Resources NL Cash And Cash Equivalents Related Terms

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Indophil Resources NL (ASX:IRN) Business Description

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Address

Website

http://www.indophil.com

Indophil Resources NL (IRN) is a minerals exploration company operating solely within the Philippines. IRN have a focus on gold and base metal projects. Their main focus is on the development of the Tampakan Copper Project.

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