Richmond Vanadium Technology (ASX:RVT) Cash, Cash Equivalents, Marketable Securities : A$15.61 Mil (As of Dec. 2023)

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What is Richmond Vanadium Technology Cash, Cash Equivalents, Marketable Securities?

Richmond Vanadium Technology's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$23.37 Mil) to Jun. 2023 (A$18.77 Mil) but then stayed the same from Jun. 2023 (A$18.77 Mil) to Dec. 2023 (A$15.61 Mil).

Richmond Vanadium Technology's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$20.90 Mil) but then declined from Jun. 2022 (A$20.90 Mil) to Jun. 2023 (A$18.77 Mil).

Richmond Vanadium Technology Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Richmond Vanadium Technology'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.

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Richmond Vanadium Technology Cash, Cash Equivalents, Marketable Securities Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

20.90

18.77

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	23.37	18.77	15.61

Richmond Vanadium Technology 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.

Richmond Vanadium Technology (ASX:RVT) 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.

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Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.