Iris Metals (ASX:IR1) Cash And Cash Equivalents : A$2.23 Mil (As of Sep. 2024)

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

What is Iris Metals Cash And Cash Equivalents?

Iris Metals's quarterly cash and cash equivalents increased from Sep. 2023 (A$9.30 Mil) to Mar. 2024 (A$9.80 Mil) but then stayed the same from Mar. 2024 (A$9.80 Mil) to Sep. 2024 (A$2.23 Mil).

Iris Metals's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Mar. 2022 (A$4.19 Mil) but then declined from Mar. 2022 (A$4.19 Mil) to Mar. 2023 (A$0.68 Mil).

Iris Metals Cash And Cash Equivalents Historical Data

The historical data trend for Iris 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.

Iris Metals Cash And Cash Equivalents Chart

Iris Metals Annual Data

Trend

Mar22

Mar23

Cash And Cash Equivalents

4.19

0.68

Iris Metals Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.52	0.68	9.30	9.80	2.23

Iris 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.

Iris Metals (ASX:IR1) 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.

Iris Metals Cash And Cash Equivalents Related Terms

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

Iris Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iris Metals Ltd (ASX:IR1) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Claremont Street, Suite 205, South Yarra, VIC, AUS, 3141

Website

https://www.irismetals.com

Iris Metals Ltd is a minerals exploration company formed for the purposes of applying for and acquiring interests in minerals exploration tenements and tenement applications in Western Australia. It has two projects: the Kookynie and the Leonora Gold project and the Nickel project.

Iris Metals Headlines

No Headlines