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Fenix Resources (ASX:FEX) Cash And Cash Equivalents : A$63.5 Mil (As of Dec. 2023)


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What is Fenix Resources Cash And Cash Equivalents?

Fenix Resources's quarterly cash and cash equivalents increased from Dec. 2022 (A$48.78 Mil) to Jun. 2023 (A$76.33 Mil) but then stayed the same from Jun. 2023 (A$76.33 Mil) to Dec. 2023 (A$63.46 Mil).

Fenix Resources's annual cash and cash equivalents increased from Jun. 2021 (A$69.00 Mil) to Jun. 2022 (A$101.68 Mil) but then declined from Jun. 2022 (A$101.68 Mil) to Jun. 2023 (A$76.33 Mil).

Fenix Resources Cash And Cash Equivalents Historical Data

The historical data trend for Fenix Resources'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.

Fenix Resources Cash And Cash Equivalents Chart

Fenix Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.21 1.29 69.00 101.68 76.33

Fenix Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 54.63 101.68 48.78 76.33 63.46

Fenix Resources 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.

Fenix Resources  (ASX:FEX) 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.

Fenix Resources Cash And Cash Equivalents Related Terms

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Fenix Resources (ASX:FEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fenix Resources Ltd (ASX:FEX) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
1202 Hay Street, Office 10, Emerald House, Perth, WA, AUS, 6005
Website
https://www.fenixresources.com.au
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has three reportable segments: the Iron Ridge Project, Fenix-Newhaul and Trucking Joint Venture. It is involved in the exploration of iron, base metals, and precious metals in Western Australia. The majority of the revenue is generated from Western Australia's iron ore mining. Its Iron Ridge Project is located approximately 600 km north-northeast of Perth and approximately 67 km northeast of the township of Cue in the Murchison region.