Kuniko (ASX:KNI) Cash And Cash Equivalents : A$0.93 Mil (As of Dec. 2024)

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What is Kuniko Cash And Cash Equivalents?

Kuniko's quarterly cash and cash equivalents declined from Dec. 2023 (A$6.74 Mil) to Jun. 2024 (A$3.69 Mil) but then stayed the same from Jun. 2024 (A$3.69 Mil) to Dec. 2024 (A$0.93 Mil).

Kuniko's annual cash and cash equivalents increased from Dec. 2022 (A$6.65 Mil) to Dec. 2023 (A$6.74 Mil) but then declined from Dec. 2023 (A$6.74 Mil) to Dec. 2024 (A$0.93 Mil).

Kuniko Cash And Cash Equivalents Historical Data

The historical data trend for Kuniko'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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Kuniko Cash And Cash Equivalents Chart

Kuniko Annual Data

Trend

Dec22

Dec23

Dec24

Cash And Cash Equivalents

6.65

6.74

0.93

Kuniko Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial			6.65	1.61	6.74	3.69	0.93

Kuniko 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.

Kuniko (ASX:KNI) 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.

Kuniko Cash And Cash Equivalents Related Terms

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Kuniko Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

912:Germany

Address

140 St Georges Terrace, Level 28, AMP Tower, Perth, WA, AUS, 6000

Website

https://www.kuniko.eu

Kuniko Ltd is a mineral exploration company that develops non-lithium battery metal projects in Scandinavia for the European market. Its project portfolio comprises Ringerike Nickel-Copper-Cobalt, Ertelien Nickel-Copper-Cobalt, Skuterud Cobalt, Vaga Copper-Zinc-Cobalt, Undal-Nyberget Copper, and Trondelag Copper projects. In addition, it also holds exploration permits for Stora Flaten and Vane-Ryr projects in Sweden. The company currently operates in two geographic regions, Norway and Canada, and in one industry: exploration.

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