Olympio Metals (ASX:OLY) Cash And Cash Equivalents : A$3.55 Mil (As of Sep. 2023)

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What is Olympio Metals Cash And Cash Equivalents?

Olympio Metals's quarterly cash and cash equivalents declined from Sep. 2022 (A$4.10 Mil) to Mar. 2023 (A$3.19 Mil) but then increased from Mar. 2023 (A$3.19 Mil) to Sep. 2023 (A$3.55 Mil).

Olympio Metals's annual cash and cash equivalents declined from Mar. 2021 (A$0.02 Mil) to Mar. 2022 (A$0.01 Mil) but then increased from Mar. 2022 (A$0.01 Mil) to Mar. 2023 (A$3.19 Mil).

Olympio Metals Cash And Cash Equivalents Historical Data

The historical data trend for Olympio Metals'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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Olympio Metals Cash And Cash Equivalents Chart

Olympio Metals Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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0.48

0.18

0.02

0.01

3.19

Olympio Metals Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.01	0.01	4.10	3.19	3.55

Olympio Metals 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.

Olympio Metals (ASX:OLY) 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.

Olympio Metals Cash And Cash Equivalents Related Terms

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Olympio Metals (ASX:OLY) Business Description

Industry

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

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Address

Level 4, 20 Customhouse Quay, DLA Piper, New Zealand, Wellington, NZL, 6011

Website

https://www.olympiometals.com.au

Olympio Metals Ltd is an exploration company with projects in the Goldfields and Eurelia in South Australia, Halls Creek project. The Company is organised into one segment which is being exploration for mineral resources and is organised in one geographical location which is United States.

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