Aston Bay Holdings (FRA:6AY) Cash And Cash Equivalents : €0.57 Mil (As of Dec. 2023)

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What is Aston Bay Holdings Cash And Cash Equivalents?

Aston Bay Holdings's quarterly cash and cash equivalents increased from Jun. 2023 (€0.09 Mil) to Sep. 2023 (€0.47 Mil) and increased from Sep. 2023 (€0.47 Mil) to Dec. 2023 (€0.57 Mil).

Aston Bay Holdings's annual cash and cash equivalents declined from Mar. 2020 (€0.21 Mil) to Mar. 2021 (€0.01 Mil) but then increased from Mar. 2021 (€0.01 Mil) to Mar. 2022 (€0.04 Mil).

Aston Bay Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Aston Bay Holdings'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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Aston Bay Holdings Cash And Cash Equivalents Chart

Aston Bay Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash And Cash Equivalents

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2.56

0.23

0.21

0.01

0.04

Aston Bay Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.08	0.02	0.09	0.47	0.57

Aston Bay Holdings 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.

Aston Bay Holdings (FRA:6AY) 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.

Aston Bay Holdings Cash And Cash Equivalents Related Terms

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Aston Bay Holdings (FRA:6AY) Business Description

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ATBHF:USA BAY:Canada

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://astonbayholdings.com

Aston Bay Holdings Ltd provides mineral exploration services located in Toronto, Ontario. The company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in the advanced stages of negotiation on other lands with high-grade copper potential in the area.

Aston Bay Holdings (FRA:6AY) Headlines

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