KAZ Minerals (KAZ Minerals) Cash And Cash Equivalents : $874 Mil (As of Dec. 2020)

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What is KAZ Minerals Cash And Cash Equivalents?

KAZ Minerals's quarterly cash and cash equivalents increased from Dec. 2019 ($541.00 Mil) to Jun. 2020 ($801.00 Mil) and increased from Jun. 2020 ($801.00 Mil) to Dec. 2020 ($874.00 Mil).

KAZ Minerals's annual cash and cash equivalents declined from Dec. 2018 ($1,217.00 Mil) to Dec. 2019 ($541.00 Mil) but then increased from Dec. 2019 ($541.00 Mil) to Dec. 2020 ($874.00 Mil).

KAZ Minerals Cash And Cash Equivalents Historical Data

The historical data trend for KAZ Minerals'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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KAZ Minerals Cash And Cash Equivalents Chart

KAZ Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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1,108.00

1,821.00

1,217.00

541.00

874.00

KAZ Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,217.00	739.00	541.00	801.00	874.00

KAZ Minerals 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.

KAZ Minerals (OTCPK:KZMYY) 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.

KAZ Minerals Cash And Cash Equivalents Related Terms

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KAZ Minerals (KAZ Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KAZ Minerals PLC (OTCPK:KZMYY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

100 Victoria Street, 6th Floor, Cardinal Place, London, GBR, SW1E 5JL

Website

https://www.kazminerals.com

KAZ Minerals PLC is a copper mining company focused on open-pit mining in Kazakhstan. KAZ Minerals operates several mines across Kazakhstan, with almost half the company's output derived from the Bozshakol mine in the north of the country. Through copper mining, the company also generates by-products, which principally include gold, silver, and zinc. While the company generates the vast majority of its revenue from copper, it derives some revenue from the sale of the by-products. KAZ Minerals sells its finished metals across both China and Europe.