Askari Metals (ASX:AS2) Cash And Cash Equivalents : A$0.70 Mil (As of Dec. 2023)

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What is Askari Metals Cash And Cash Equivalents?

Askari Metals's quarterly cash and cash equivalents increased from Dec. 2022 (A$0.98 Mil) to Jun. 2023 (A$3.46 Mil) but then stayed the same from Jun. 2023 (A$3.46 Mil) to Dec. 2023 (A$0.70 Mil).

Askari Metals's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$4.35 Mil) but then declined from Jun. 2022 (A$4.35 Mil) to Jun. 2023 (A$3.46 Mil).

Askari Metals Cash And Cash Equivalents Historical Data

The historical data trend for Askari Metals'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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Askari Metals Cash And Cash Equivalents Chart

Askari Metals Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

4.35

3.46

Askari Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	3.72	4.35	0.98	3.46	0.70

Askari Metals 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.

Askari Metals (ASX:AS2) 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.

Askari Metals Cash And Cash Equivalents Related Terms

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Askari Metals (ASX:AS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Askari Metals Ltd (ASX:AS2) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

7ZG:Germany

Address

17 Lacey Street, Perth, WA, AUS, 6000

Website

https://www.askarimetals.com

Askari Metals Ltd is engaged in the gold and lithium exploration. The company's projects are UiS Lithium Project, Nambia Australian Lithium and REE Portfolio and Gold-Copper Projects.

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