Ozz Resources (ASX:OZZ) Cash And Cash Equivalents : A$1.14 Mil (As of Dec. 2023)

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What is Ozz Resources Cash And Cash Equivalents?

Ozz Resources's quarterly cash and cash equivalents increased from Dec. 2022 (A$0.20 Mil) to Jun. 2023 (A$1.48 Mil) but then stayed the same from Jun. 2023 (A$1.48 Mil) to Dec. 2023 (A$1.14 Mil).

Ozz Resources's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.78 Mil) and increased from Jun. 2022 (A$0.78 Mil) to Jun. 2023 (A$1.48 Mil).

Ozz Resources Cash And Cash Equivalents Historical Data

The historical data trend for Ozz Resources'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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Ozz Resources Cash And Cash Equivalents Chart

Ozz Resources Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

0.78

1.48

Ozz Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	2.56	0.78	0.20	1.48	1.14

Ozz Resources 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.

Ozz Resources (ASX:OZZ) 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.

Ozz Resources Cash And Cash Equivalents Related Terms

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Ozz Resources (ASX:OZZ) Business Description

Industry

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

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Traded in Other Exchanges

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Address

101 St Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.ozzresources.com.au

Ozz Resources Ltd is a Perth-based and Western Australian-focused gold and base metal explorer. Its projects include Mount Davis Project, Peterwangy Project, Maguires Reward Project, Rabbit Bore Project, and Wardarbie South Project.

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