MetalsGrove Mining (ASX:MGA) Cash And Cash Equivalents : A$1.40 Mil (As of Dec. 2023)

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What is MetalsGrove Mining Cash And Cash Equivalents?

MetalsGrove Mining's quarterly cash and cash equivalents declined from Dec. 2022 (A$4.59 Mil) to Jun. 2023 (A$3.11 Mil) but then stayed the same from Jun. 2023 (A$3.11 Mil) to Dec. 2023 (A$1.40 Mil).

MetalsGrove Mining's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2023 (A$3.11 Mil) but then declined from Jun. 2023 (A$3.11 Mil) to Jun. 2024 (A$2.69 Mil).

MetalsGrove Mining Cash And Cash Equivalents Historical Data

The historical data trend for MetalsGrove Mining'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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MetalsGrove Mining Cash And Cash Equivalents Chart

MetalsGrove Mining Annual Data

Trend

Jun23

Jun24

Cash And Cash Equivalents

3.11

2.69

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	4.59	3.11	1.40	2.69

MetalsGrove Mining 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.

MetalsGrove Mining (ASX:MGA) 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.

MetalsGrove Mining Cash And Cash Equivalents Related Terms

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MetalsGrove Mining Business Description

Industry

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

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Traded in Other Exchanges

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Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; Dundas-Lithium and REE-WA and Woodie Woodie North Manganese Project.