Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Cash And Cash Equivalents : $510 Mil (As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA Cash And Cash Equivalents?

Sociedad Minera Cerro VerdeA's quarterly cash and cash equivalents declined from Dec. 2021 ($937.68 Mil) to Dec. 2022 ($553.76 Mil) but then stayed the same from Dec. 2022 ($553.76 Mil) to Dec. 2023 ($509.62 Mil).

Sociedad Minera Cerro VerdeA's annual cash and cash equivalents declined from Dec. 2021 ($937.68 Mil) to Dec. 2022 ($553.76 Mil) and declined from Dec. 2022 ($553.76 Mil) to Dec. 2023 ($509.62 Mil).

Sociedad Minera Cerro VerdeA Cash And Cash Equivalents Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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.

Sociedad Minera Cerro VerdeA Cash And Cash Equivalents Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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481.49

533.73

937.68

553.76

509.62

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial					481.49	533.73	937.68	553.76	509.62

Sociedad Minera Cerro VerdeA 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.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) 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.

Sociedad Minera Cerro VerdeA Cash And Cash Equivalents Related Terms

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Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

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