Red Hawk Mining (ASX:RHK) Cash And Cash Equivalents : A$4.11 Mil (As of Dec. 2023)

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What is Red Hawk Mining Cash And Cash Equivalents?

Red Hawk Mining's quarterly cash and cash equivalents declined from Dec. 2022 (A$8.82 Mil) to Jun. 2023 (A$6.12 Mil) but then stayed the same from Jun. 2023 (A$6.12 Mil) to Dec. 2023 (A$4.11 Mil).

Red Hawk Mining's annual cash and cash equivalents increased from Jun. 2022 (A$4.20 Mil) to Jun. 2023 (A$6.12 Mil) and increased from Jun. 2023 (A$6.12 Mil) to Jun. 2024 (A$6.81 Mil).

Red Hawk Mining Cash And Cash Equivalents Historical Data

The historical data trend for Red Hawk 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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Red Hawk Mining Cash And Cash Equivalents Chart

Red Hawk Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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4.10

3.69

4.20

6.12

6.81

Red Hawk Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															4.20	8.82	6.12	4.11	6.81

Red Hawk 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.

Red Hawk Mining (ASX:RHK) 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.

Red Hawk Mining Cash And Cash Equivalents Related Terms

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Red Hawk Mining Business Description

Industry

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

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Address

23 Ventnor Avenue, Ground Floor, Perth, WA, AUS, 6005

Website

https://redhawkmining.com.au

Red Hawk Mining Ltd is engaged in the exploration of mineral deposits. It has exploration operations in iron ore mineralisation. The group's projects include Blacksmith Iron Ore Project in Western Australia, Canegrass Project in Western Australia. etc.

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