Firestone Diamonds (FRA:GYF1) Cash And Cash Equivalents : €4.20 Mil (As of Jun. 2020)

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What is Firestone Diamonds Cash And Cash Equivalents?

Firestone Diamonds's quarterly cash and cash equivalents declined from Dec. 2018 (€23.06 Mil) to Jun. 2019 (€15.51 Mil) but then stayed the same from Jun. 2019 (€15.51 Mil) to Jun. 2020 (€4.20 Mil).

Firestone Diamonds's annual cash and cash equivalents increased from Jun. 2018 (€7.45 Mil) to Jun. 2019 (€15.51 Mil) but then declined from Jun. 2019 (€15.51 Mil) to Jun. 2020 (€4.20 Mil).

Firestone Diamonds Cash And Cash Equivalents Historical Data

The historical data trend for Firestone Diamonds'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.

* Premium members only.

Firestone Diamonds Cash And Cash Equivalents Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Cash And Cash Equivalents

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9.15

15.18

7.45

15.51

4.20

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Cash And Cash Equivalents	Get a 7-Day Free Trial															25.09	7.45	23.06	15.51	4.20

Firestone Diamonds 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.

Firestone Diamonds (FRA:GYF1) 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.

Firestone Diamonds Cash And Cash Equivalents Related Terms

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Firestone Diamonds (FRA:GYF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (FRA:GYF1) » Definitions » Cash And Cash Equivalents

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Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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