Deterra Royalties (ASX:DRR) Cash And Cash Equivalents : A$24.9 Mil (As of Dec. 2023)

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What is Deterra Royalties Cash And Cash Equivalents?

Deterra Royalties's quarterly cash and cash equivalents increased from Dec. 2022 (A$21.49 Mil) to Jun. 2023 (A$29.49 Mil) but then stayed the same from Jun. 2023 (A$29.49 Mil) to Dec. 2023 (A$24.94 Mil).

Deterra Royalties's annual cash and cash equivalents increased from Jun. 2021 (A$24.21 Mil) to Jun. 2022 (A$27.46 Mil) and increased from Jun. 2022 (A$27.46 Mil) to Jun. 2023 (A$29.49 Mil).

Deterra Royalties Cash And Cash Equivalents Historical Data

The historical data trend for Deterra Royalties'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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Deterra Royalties Cash And Cash Equivalents Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

24.21

27.46

29.49

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			29.43	27.46	21.49	29.49	24.94

Deterra Royalties 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.

Deterra Royalties (ASX:DRR) 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.

Deterra Royalties Cash And Cash Equivalents Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

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Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.