Many Peaks Minerals (ASX:MPK) Cash And Cash Equivalents : A$1.82 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Many Peaks Minerals Cash And Cash Equivalents?

Many Peaks Minerals's quarterly cash and cash equivalents declined from Dec. 2022 (A$4.16 Mil) to Jun. 2023 (A$3.13 Mil) but then stayed the same from Jun. 2023 (A$3.13 Mil) to Dec. 2023 (A$1.82 Mil).

Many Peaks Minerals's annual cash and cash equivalents declined from Jun. 2021 (A$5.49 Mil) to Jun. 2022 (A$4.59 Mil) and declined from Jun. 2022 (A$4.59 Mil) to Jun. 2023 (A$3.13 Mil).

Many Peaks Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Many Peaks Minerals'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.

Many Peaks Minerals Cash And Cash Equivalents Chart

Many Peaks Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

5.49

4.59

3.13

Many Peaks Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	4.59	4.16	3.13	1.82

Many Peaks Minerals 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.

Many Peaks Minerals (ASX:MPK) 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.

Many Peaks Minerals Cash And Cash Equivalents Related Terms

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

Many Peaks Minerals (ASX:MPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Many Peaks Minerals Ltd (ASX:MPK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1060 Hay Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.manypeaks.com.au

Many Peaks Minerals Ltd is a mineral exploration and development company focused on the central region of Queensland. The company has two project baskets which include QLD Australia and NL Canada.

Many Peaks Minerals (ASX:MPK) Headlines

No Headlines