IGO (FRA:IDZ) Cash And Cash Equivalents : €288.7 Mil (As of Jun. 2024)

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What is IGO Cash And Cash Equivalents?

IGO's quarterly cash and cash equivalents declined from Jun. 2023 (€480.21 Mil) to Dec. 2023 (€169.65 Mil) but then increased from Dec. 2023 (€169.65 Mil) to Jun. 2024 (€288.69 Mil).

IGO's annual cash and cash equivalents increased from Jun. 2022 (€244.05 Mil) to Jun. 2023 (€480.21 Mil) but then declined from Jun. 2023 (€480.21 Mil) to Jun. 2024 (€288.69 Mil).

IGO Cash And Cash Equivalents Historical Data

The historical data trend for IGO'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.

IGO Cash And Cash Equivalents Chart

IGO Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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312.74

335.37

244.05

480.21

288.69

IGO 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															244.05	328.04	480.21	169.65	288.69

IGO 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.

IGO (FRA:IDZ) 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.

IGO Cash And Cash Equivalents Related Terms

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IGO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IGO Ltd (FRA:IDZ) » Definitions » Cash And Cash Equivalents

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IIDDY:USA IPGDF:USA IDZ:Germany IGO:Australia

Address

85 South Perth Esplanade, Suite 4, Level 5, South Shore Centre, South Perth, Perth, WA, AUS, 6151

Website

https://www.igo.com.au

IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium Corporation and Albemarle. Greenbushes is the world's highest-quality hard rock lithium resource. IGO also has interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt mine, which has a short remaining life.

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