Battery Age Minerals (ASX:BM8) Cash And Cash Equivalents : A$3.08 Mil (As of Dec. 2023)

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What is Battery Age Minerals Cash And Cash Equivalents?

Battery Age Minerals's quarterly cash and cash equivalents increased from Dec. 2022 (A$0.20 Mil) to Jun. 2023 (A$3.20 Mil) but then stayed the same from Jun. 2023 (A$3.20 Mil) to Dec. 2023 (A$3.08 Mil).

Battery Age Minerals's annual cash and cash equivalents declined from Jun. 2021 (A$3.41 Mil) to Jun. 2022 (A$0.93 Mil) but then increased from Jun. 2022 (A$0.93 Mil) to Jun. 2023 (A$3.20 Mil).

Battery Age Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Battery Age Minerals'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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Battery Age Minerals Cash And Cash Equivalents Chart

Battery Age Minerals Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.95

0.10

3.41

0.93

3.20

Battery Age Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.84	0.93	0.20	3.20	3.08

Battery Age Minerals 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.

Battery Age Minerals (ASX:BM8) 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.

Battery Age Minerals Cash And Cash Equivalents Related Terms

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Battery Age Minerals (ASX:BM8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Age Minerals Ltd (ASX:BM8) » Definitions » Cash And Cash Equivalents

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Address

Level 50, 108 St Georges Terrace, Perth, WA, AUS, 6000

Website

https://www.batteryageminerals.au

Battery Age Minerals Ltd is a battery mineral-focused company. The company projects include Falcon Lake Lithium; Tidili and Bleiberg Project. The company is presently focused on the exploration of battery minerals such as lithium, copper, germanium, and zinc in Canada, Morocco, and Austria. The company has five geographical segments, Australia (Equinox Investment), Canada, Argentina (King Tut Project), Austria and Morocco.

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