Advance Metals (ASX:AVM) Cash And Cash Equivalents : A$0.61 Mil (As of Jun. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Advance Metals Cash And Cash Equivalents?

Advance Metals's quarterly cash and cash equivalents declined from Jun. 2022 (A$1.45 Mil) to Dec. 2022 (A$1.26 Mil) but then stayed the same from Dec. 2022 (A$1.26 Mil) to Jun. 2023 (A$0.61 Mil).

Advance Metals's annual cash and cash equivalents declined from Dec. 2021 (A$2.26 Mil) to Dec. 2022 (A$1.26 Mil) and declined from Dec. 2022 (A$1.26 Mil) to Dec. 2023 (A$0.49 Mil).

Advance Metals Cash And Cash Equivalents Historical Data

The historical data trend for Advance 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.

* Premium members only.

Advance Metals Cash And Cash Equivalents Chart

Advance Metals Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.41

1.02

2.26

1.26

0.49

Advance Metals Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	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															2.26	1.45	1.26	0.61	0.49

Advance 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.

Advance Metals (ASX:AVM) 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.

Advance Metals Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Advance Metals's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Advance Metals (ASX:AVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Advance Metals Ltd (ASX:AVM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Suite 706, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.advancemetals.com.au

Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.

Advance Metals (ASX:AVM) Headlines

No Headlines