West Wits Mining (ASX:WWI) Cash And Cash Equivalents : A$1.43 Mil (As of Dec. 2023)

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What is West Wits Mining Cash And Cash Equivalents?

West Wits Mining's quarterly cash and cash equivalents increased from Dec. 2022 (A$1.00 Mil) to Jun. 2023 (A$1.37 Mil) and increased from Jun. 2023 (A$1.37 Mil) to Dec. 2023 (A$1.43 Mil).

West Wits Mining's annual cash and cash equivalents increased from Jun. 2021 (A$0.97 Mil) to Jun. 2022 (A$2.33 Mil) but then declined from Jun. 2022 (A$2.33 Mil) to Jun. 2023 (A$1.37 Mil).

West Wits Mining Cash And Cash Equivalents Historical Data

The historical data trend for West Wits 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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West Wits Mining Cash And Cash Equivalents Chart

West Wits Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.18

1.20

0.97

2.33

1.37

West Wits Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.01	2.33	1.00	1.37	1.43

West Wits 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.

West Wits Mining (ASX:WWI) 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.

West Wits Mining Cash And Cash Equivalents Related Terms

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West Wits Mining (ASX:WWI) Business Description

Industry

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

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WMWWF:USA

Address

400 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.westwitsmining.com

West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, Pilbara and Witwatersrand. The reportable segments of the company are based on the geographic locations of South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Tambina, Witwatersrand Basin, and Derewo River Gold project. The company operates in one operating segment which is mining & exploration. Geographically it operates in South Africa, Indonesia and Australia.

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