Rome Resources (FRA:33R) Cash And Cash Equivalents : €0.06 Mil (As of Dec. 2023)

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What is Rome Resources Cash And Cash Equivalents?

Rome Resources's quarterly cash and cash equivalents declined from Jun. 2023 (€0.23 Mil) to Sep. 2023 (€0.06 Mil) but then stayed the same from Sep. 2023 (€0.06 Mil) to Dec. 2023 (€0.06 Mil).

Rome Resources's annual cash and cash equivalents increased from Sep. 2021 (€0.00 Mil) to Sep. 2022 (€0.56 Mil) but then declined from Sep. 2022 (€0.56 Mil) to Sep. 2023 (€0.06 Mil).

Rome Resources Cash And Cash Equivalents Historical Data

The historical data trend for Rome 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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Rome Resources Cash And Cash Equivalents Chart

Rome Resources Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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0.56

0.06

Rome Resources Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.20	0.21	0.23	0.06	0.06

Rome 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.

Rome Resources (FRA:33R) 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.

Rome Resources Cash And Cash Equivalents Related Terms

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Rome Resources (FRA:33R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rome Resources Ltd (FRA:33R) » Definitions » Cash And Cash Equivalents

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RMR:Canada

Address

688 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6B 1P1

Website

https://www.romeresources.com

Rome Resources Ltd engages in the acquisition, exploration, and evaluation of mineral properties. The company has entered into option agreements on two contiguous properties located in the Walikale District of North Kivu Province in the eastern Democratic Republic of Congo. The company's project include the Bisie North Tin Project.

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