Equinox Resources (ASX:EQN) Cash And Cash Equivalents : A$4.27 Mil (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Equinox Resources Cash And Cash Equivalents?

Equinox Resources's quarterly cash and cash equivalents declined from Jun. 2022 (A$6.11 Mil) to Dec. 2022 (A$0.00 Mil) but then increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$4.27 Mil).

Equinox Resources's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$6.11 Mil) but then declined from Jun. 2022 (A$6.11 Mil) to Jun. 2023 (A$4.27 Mil).

Equinox Resources Cash And Cash Equivalents Historical Data

The historical data trend for Equinox 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.

* Premium members only.

Equinox Resources Cash And Cash Equivalents Chart

Equinox Resources Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

6.11

4.27

Equinox Resources Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	-	6.11	-	4.27	-

Equinox 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.

Equinox Resources (ASX:EQN) 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.

Equinox Resources Cash And Cash Equivalents Related Terms

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

Equinox Resources (ASX:EQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

182 St George's Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.eqnx.com.au

Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

Equinox Resources (ASX:EQN) Headlines

No Headlines