Sabre Resources (FRA:SAL) Cash And Cash Equivalents : €3.30 Mil (As of Dec. 2023)

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What is Sabre Resources Cash And Cash Equivalents?

Sabre Resources's quarterly cash and cash equivalents declined from Dec. 2022 (€3.52 Mil) to Jun. 2023 (€2.80 Mil) but then increased from Jun. 2023 (€2.80 Mil) to Dec. 2023 (€3.30 Mil).

Sabre Resources's annual cash and cash equivalents increased from Jun. 2021 (€3.18 Mil) to Jun. 2022 (€5.50 Mil) but then declined from Jun. 2022 (€5.50 Mil) to Jun. 2023 (€2.80 Mil).

Sabre Resources Cash And Cash Equivalents Historical Data

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

Sabre Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.22

0.28

3.18

5.50

2.80

Sabre Resources 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															2.71	5.50	3.52	2.80	3.30

Sabre 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.

Sabre Resources (FRA:SAL) 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.

Sabre Resources Cash And Cash Equivalents Related Terms

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Sabre Resources (FRA:SAL) Business Description

Industry

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SBR:Australia

Address

Level 1, 8 Parliament Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.sabresources.com

Sabre Resources Ltd explores for and develops mineral properties. It explores copper, zinc, vanadium, silver, and other semi-precious metals. The Company also focuses on its Sherlock Bay Nickel-Copper-Cobalt Project in the northwest Pilbara region of Western Australia, The firm is managed on the basis of its development and exploration of minerals in the geographical regions of Australia and Namibia and drives key revenue from Australia.