Carnaby Resources (ASX:CNB) Cash And Cash Equivalents : A$17.90 Mil (As of Dec. 2023)

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What is Carnaby Resources Cash And Cash Equivalents?

Carnaby Resources's quarterly cash and cash equivalents increased from Dec. 2022 (A$12.23 Mil) to Jun. 2023 (A$26.93 Mil) but then stayed the same from Jun. 2023 (A$26.93 Mil) to Dec. 2023 (A$17.90 Mil).

Carnaby Resources's annual cash and cash equivalents increased from Jun. 2022 (A$17.93 Mil) to Jun. 2023 (A$26.93 Mil) but then declined from Jun. 2023 (A$26.93 Mil) to Jun. 2024 (A$10.30 Mil).

Carnaby Resources Cash And Cash Equivalents Historical Data

The historical data trend for Carnaby Resources'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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Carnaby Resources Cash And Cash Equivalents Chart

Carnaby Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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1.10

6.66

17.93

26.93

10.30

Carnaby Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial											17.93	12.23	26.93	17.90	10.30

Carnaby Resources 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.

Carnaby Resources (ASX:CNB) 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.

Carnaby Resources Cash And Cash Equivalents Related Terms

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Carnaby Resources Business Description

Industry

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

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Address

78 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008

Website

https://www.carnabyresources.com.au

Carnaby Resources Ltd is an Australia-based mineral exploration company. It is engaged in acquiring, exploring, and developing gold and other mineral deposits. Its projects are located in established mining provinces of the Mount Isa Inlier of Queensland and the Pilbara and Yilgarn Margin of Western Australia. Some of the projects in which the company is engaged are the Greater Duchess Copper and Gold Project, Strelley Gold Project, Hemi Gold Deposit, Big Hill Gold and Lithium, Malmac, Throssel, Pardoo Gold and Lithium, Devoncourt, and Mount Grant Gold and Lithium project among others.

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