Orange Minerals NL (ASX:OMX) Cash And Cash Equivalents : A$1.99 Mil (As of Dec. 2023)

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What is Orange Minerals NL Cash And Cash Equivalents?

Orange Minerals NL's quarterly cash and cash equivalents declined from Dec. 2022 (A$3.54 Mil) to Jun. 2023 (A$2.86 Mil) but then stayed the same from Jun. 2023 (A$2.86 Mil) to Dec. 2023 (A$1.99 Mil).

Orange Minerals NL's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$5.19 Mil) but then declined from Jun. 2022 (A$5.19 Mil) to Jun. 2023 (A$2.86 Mil).

Orange Minerals NL Cash And Cash Equivalents Historical Data

The historical data trend for Orange Minerals 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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Orange Minerals NL Cash And Cash Equivalents Chart

Orange Minerals NL Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

5.19

2.86

Orange Minerals NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	6.58	5.19	3.54	2.86	1.99

Orange Minerals 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.

Orange Minerals NL (ASX:OMX) 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.

Orange Minerals NL Cash And Cash Equivalents Related Terms

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Orange Minerals NL (ASX:OMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orange Minerals NL (ASX:OMX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.orangeminerals.com.au

Orange Minerals NL is a gold and copper exploration company. The company has only one operating segment which is exploration in Australia. The key projects of the company are Calarie Project, the Wisemans Creek Project, the Copper Hill Project, the Boda Project, the Majestic Project and the Kurnalpi Project.

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