Kinetiko Energy (ASX:KKO) Cash And Cash Equivalents : A$3.92 Mil (As of Dec. 2023)

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What is Kinetiko Energy Cash And Cash Equivalents?

Kinetiko Energy's quarterly cash and cash equivalents declined from Dec. 2022 (A$7.38 Mil) to Jun. 2023 (A$3.56 Mil) but then increased from Jun. 2023 (A$3.56 Mil) to Dec. 2023 (A$3.92 Mil).

Kinetiko Energy's annual cash and cash equivalents increased from Jun. 2021 (A$0.19 Mil) to Jun. 2022 (A$1.35 Mil) and increased from Jun. 2022 (A$1.35 Mil) to Jun. 2023 (A$3.56 Mil).

Kinetiko Energy Cash And Cash Equivalents Historical Data

The historical data trend for Kinetiko Energy'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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Kinetiko Energy Cash And Cash Equivalents Chart

Kinetiko Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.08

1.12

0.19

1.35

3.56

Kinetiko Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															1.01	1.35	7.38	3.56	3.92

Kinetiko Energy 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.

Kinetiko Energy (ASX:KKO) 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.

Kinetiko Energy Cash And Cash Equivalents Related Terms

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Kinetiko Energy (ASX:KKO) Business Description

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Address

283 Rokeby Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.kinetiko.com.au

Kinetiko Energy Ltd is an Australian company engaged in coal bed methane exploration. The project of the company includes the Amersfoort project. The company has one operating segment being gas exploration in South Africa.

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