Octava Minerals (ASX:OCT) Cash And Cash Equivalents : A$2.11 Mil (As of Dec. 2023)

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What is Octava Minerals Cash And Cash Equivalents?

Octava Minerals's quarterly cash and cash equivalents declined from Jun. 2022 (A$4.18 Mil) to Jun. 2023 (A$3.36 Mil) but then stayed the same from Jun. 2023 (A$3.36 Mil) to Dec. 2023 (A$2.11 Mil).

Octava Minerals's annual cash and cash equivalents stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to Jun. 2023 (A$3.36 Mil).

Octava Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Octava 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.

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Octava Minerals Cash And Cash Equivalents Chart

Octava Minerals Annual Data

Trend

Jun23

Cash And Cash Equivalents

3.36

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23
Cash And Cash Equivalents	5.52	4.18	3.36	2.11

Octava 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.

Octava Minerals (ASX:OCT) 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.

Octava Minerals Cash And Cash Equivalents Related Terms

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Octava Minerals (ASX:OCT) Business Description

Industry

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

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Traded in Other Exchanges

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Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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