Euro Manganese (ASX:EMN) Cash, Cash Equivalents, Marketable Securities : A$22.64 Mil (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Euro Manganese Cash, Cash Equivalents, Marketable Securities?

Euro Manganese's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (A$12.22 Mil) to Dec. 2023 (A$27.05 Mil) but then stayed the same from Dec. 2023 (A$27.05 Mil) to Mar. 2024 (A$22.64 Mil).

Euro Manganese's annual cash, cash equivalents, marketable securities increased from Sep. 2020 (A$2.86 Mil) to Sep. 2021 (A$33.71 Mil) but then declined from Sep. 2021 (A$33.71 Mil) to Sep. 2022 (A$24.23 Mil).

Euro Manganese Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Euro Manganese's Cash, Cash Equivalents, Marketable Securities 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.

Euro Manganese Cash, Cash Equivalents, Marketable Securities Chart

Euro Manganese Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

11.04

4.53

2.86

33.71

24.23

Euro Manganese Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															-	15.11	12.22	27.05	22.64

Euro Manganese Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Euro Manganese (ASX:EMN) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Euro Manganese Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Euro Manganese's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Euro Manganese (ASX:EMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Manganese Inc (ASX:EMN) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

EUMNF:USA E06:Germany EMN:Canada

Address

700 West Pender Street, Suite 709, Vancouver, BC, CAN, V6C 1G8

Website

https://www.mn25.ca

Euro Manganese Inc is a Canada-based mineral exploration company. It is mainly engaged in the evaluation and development of the Chvaletice manganese project for the production of high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate ("HPMSM") and other high-purity manganese products.