Jangada Mines (LSE:JAN) Cash And Cash Equivalents : £0.62 Mil (As of Jun. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Jangada Mines Cash And Cash Equivalents?

Jangada Mines's quarterly cash and cash equivalents declined from Jun. 2022 (£2.43 Mil) to Dec. 2022 (£1.15 Mil) but then stayed the same from Dec. 2022 (£1.15 Mil) to Jun. 2023 (£0.62 Mil).

Jangada Mines's annual cash and cash equivalents increased from Dec. 2020 (£0.38 Mil) to Dec. 2021 (£2.70 Mil) but then declined from Dec. 2021 (£2.70 Mil) to Dec. 2022 (£1.15 Mil).

Jangada Mines Cash And Cash Equivalents Historical Data

The historical data trend for Jangada Mines'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.

Jangada Mines Cash And Cash Equivalents Chart

Jangada Mines Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.15

0.09

0.38

2.70

1.15

Jangada Mines Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial							3.57	2.70	2.43	1.15	0.62

Jangada Mines 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.

Jangada Mines (LSE:JAN) 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.

Jangada Mines Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Jangada Mines's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Jangada Mines (LSE:JAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jangada Mines PLC (LSE:JAN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

JMU:Germany

Address

Eastcastle House 27-28, Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.jangadamines.com

Jangada Mines PLC is engaged in the exploration and development of PGM mining assets in Brazil. The company's project includes the Pitombeiras project. The Pitombeiras project is contained within a single exploration license covering 1,958 hectares.