Gold Fields (Gold Fields) Cash, Cash Equivalents, Marketable Securities : $649 Mil (As of Dec. 2023)

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What is Gold Fields Cash, Cash Equivalents, Marketable Securities?

Gold Fields's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($769.40 Mil) to Jun. 2023 ($650.50 Mil) but then stayed the same from Jun. 2023 ($650.50 Mil) to Dec. 2023 ($648.70 Mil).

Gold Fields's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($524.70 Mil) to Dec. 2022 ($769.40 Mil) but then declined from Dec. 2022 ($769.40 Mil) to Dec. 2023 ($648.70 Mil).

Gold Fields Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gold Fields'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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Gold Fields Cash, Cash Equivalents, Marketable Securities Chart

Gold Fields Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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515.00

886.80

524.70

769.40

648.70

Gold Fields Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															524.70	724.10	769.40	650.50	648.70

Gold Fields 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.

Gold Fields (OTCPK:GFIOF) 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.

Gold Fields Cash, Cash Equivalents, Marketable Securities Related Terms

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Gold Fields (Gold Fields) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Fields Ltd (OTCPK:GFIOF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

GFI:South Africa GFI:USA EDGA:Germany G1FI34:Brazil GFI:Argentina

Address

150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.goldfields.com

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.