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West Wits Mining (ASX:WWI) Cash And Cash Equivalents : A$1.43 Mil (As of Dec. 2023)


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What is West Wits Mining Cash And Cash Equivalents?

West Wits Mining's quarterly cash and cash equivalents increased from Dec. 2022 (A$1.00 Mil) to Jun. 2023 (A$1.37 Mil) and increased from Jun. 2023 (A$1.37 Mil) to Dec. 2023 (A$1.43 Mil).

West Wits Mining's annual cash and cash equivalents declined from Jun. 2022 (A$2.33 Mil) to Jun. 2023 (A$1.37 Mil) but then increased from Jun. 2023 (A$1.37 Mil) to Jun. 2024 (A$1.41 Mil).


West Wits Mining Cash And Cash Equivalents Historical Data

The historical data trend for West Wits Mining'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.

West Wits Mining Cash And Cash Equivalents Chart

West Wits Mining Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.20 0.97 2.33 1.37 1.41

West Wits Mining Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.33 1.00 1.37 1.43 1.41

West Wits Mining 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.


West Wits Mining  (ASX:WWI) 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.


West Wits Mining Cash And Cash Equivalents Related Terms

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West Wits Mining Business Description

Traded in Other Exchanges
Address
400 Collins Street, Level 6, Melbourne, VIC, AUS, 3000
West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, Pilbara and Witwatersrand. The reportable segments of the company are based on the geographic locations of South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Tambina, Witwatersrand Basin, and Derewo River Gold project. The company operates in one operating segment which is mining & exploration. Geographically it operates in South Africa, Indonesia and Australia.

West Wits Mining Headlines

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