Magnetite Mines (ASX:MGT) Beginning Cash Position: A$1.49 Mil (As of Dec. 2025)

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What is Magnetite Mines Beginning Cash Position?

Magnetite Mines ASX:MGT Beginning Cash Position is A$1.49 Mil as of Dec. 2025. The stock has 4 warning signs investors should review.

Magnetite Mines's Beginning Cash Position for the quarter that ended in Dec. 2025 was A$1.49 Mil.

Magnetite Mines's quarterly Beginning Cash Position declined from Dec. 2024 (A$1.21 Mil) to Jun. 2025 (A$1.03 Mil) but then increased from Jun. 2025 (A$1.03 Mil) to Dec. 2025 (A$1.49 Mil).

Magnetite Mines's annual Beginning Cash Position declined from Jun. 2023 (A$19.35 Mil) to Jun. 2024 (A$5.14 Mil) and declined from Jun. 2024 (A$5.14 Mil) to Jun. 2025 (A$1.21 Mil).

Magnetite Mines Beginning Cash Position Related Terms

Magnetite Mines Beginning Cash Position Historical Data

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The historical data trend for Magnetite Mines's Beginning Cash Position 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.

Magnetite Mines Beginning Cash Position Chart

Magnetite Mines Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 16.59 19.35 5.14 1.21

Magnetite Mines Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beginning Cash Position 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 5.14 4.35 1.21 1.03 1.49

Magnetite Mines Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of A$1.49 Mil mean?
Magnetite Mines (ASX:MGT) has a Beginning Cash Position of A$1.49 Mil as of Dec. 2025. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Magnetite Mines and its competitors.
Is Magnetite Mines' Beginning Cash Position too high?
Magnetite Mines' current Beginning Cash Position is A$1.49 Mil.
How does Magnetite Mines' Beginning Cash Position compare to competitors?
Magnetite Mines' Beginning Cash Position of A$1.49 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Metals & Mining company?
A good Beginning Cash Position depends on the Metals & Mining industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Magnetite Mines and its competitors. Magnetite Mines's current Beginning Cash Position is A$1.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnetite Mines stock overvalued right now?
Magnetite Mines (ASX:MGT) has a current Beginning Cash Position of A$1.49 Mil. The current Beginning Cash Position is A$1.49 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Magnetite Mines (ASX:MGT), the current Beginning Cash Position is A$1.49 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnetite Mines Business Description

Other Exchanges R8Q1:Germany
Address 30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include the Muster Dam Iron Ore Project and Others.