ASMMF (Australian Strategic Materials) Cash And Cash Equivalents : $20.65 Mil (As of Dec. 2024)

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What is Australian Strategic Materials Cash And Cash Equivalents?

Australian Strategic Materials's quarterly cash and cash equivalents increased from Dec. 2023 ($30.43 Mil) to Jun. 2024 ($31.61 Mil) but then stayed the same from Jun. 2024 ($31.61 Mil) to Dec. 2024 ($20.65 Mil).

Australian Strategic Materials's annual cash and cash equivalents declined from Jun. 2022 ($42.32 Mil) to Jun. 2023 ($38.02 Mil) and declined from Jun. 2023 ($38.02 Mil) to Jun. 2024 ($31.61 Mil).

Australian Strategic Materials Cash And Cash Equivalents Historical Data

The historical data trend for Australian Strategic Materials'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.

Australian Strategic Materials Cash And Cash Equivalents Chart

Australian Strategic Materials Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

71.35

42.32

38.02

31.61

Australian Strategic Materials Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial					48.52	38.02	30.43	31.61	20.65

Australian Strategic Materials 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.

Australian Strategic Materials (OTCPK:ASMMF) 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.

Australian Strategic Materials Cash And Cash Equivalents Related Terms

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Australian Strategic Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Strategic Materials Ltd (OTCPK:ASMMF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ASM:Australia

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.asm-au.com

Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.

Australian Strategic Materials Headlines

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