Empire Metals (LSE:EEE) Cash And Cash Equivalents : £1.41 Mil (As of Jun. 2023)

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What is Empire Metals Cash And Cash Equivalents?

Empire Metals's quarterly cash and cash equivalents declined from Jun. 2022 (£2.38 Mil) to Dec. 2022 (£1.47 Mil) but then stayed the same from Dec. 2022 (£1.47 Mil) to Jun. 2023 (£1.41 Mil).

Empire Metals's annual cash and cash equivalents declined from Dec. 2020 (£2.29 Mil) to Dec. 2021 (£2.21 Mil) and declined from Dec. 2021 (£2.21 Mil) to Dec. 2022 (£1.47 Mil).

Empire Metals Cash And Cash Equivalents Historical Data

The historical data trend for Empire Metals'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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Empire Metals Cash And Cash Equivalents Chart

Empire Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.53

0.05

2.29

2.21

1.47

Empire Metals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.94	2.21	2.38	1.47	1.41

Empire Metals 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.

Empire Metals (LSE:EEE) 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.

Empire Metals Cash And Cash Equivalents Related Terms

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Empire Metals (LSE:EEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Empire Metals Ltd (LSE:EEE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

EEE.GB:UK NOGN:Germany

Address

Craigmuir Chambers, PO Box 71, Road Town, Tortola, VGB, VG1110

Website

https://www.empiremetals.co.uk

Empire Metals Ltd is an exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria. The company develops a pipeline of projects with its main focus on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia. The company's project portfolio includes the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria. It has a high-grade gold exploration portfolio in Austria which includes Rotgulden, Schonberg and Walchen prospects.

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