NISLF (Antares Metals) Cash And Cash Equivalents : $1.88 Mil (As of Dec. 2024)

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What is Antares Metals Cash And Cash Equivalents?

Antares Metals's quarterly cash and cash equivalents declined from Dec. 2023 ($2.35 Mil) to Jun. 2024 ($1.12 Mil) but then increased from Jun. 2024 ($1.12 Mil) to Dec. 2024 ($1.88 Mil).

Antares Metals's annual cash and cash equivalents declined from Jun. 2022 ($3.24 Mil) to Jun. 2023 ($1.27 Mil) and declined from Jun. 2023 ($1.27 Mil) to Jun. 2024 ($1.12 Mil).

Antares Metals Cash And Cash Equivalents Historical Data

The historical data trend for Antares 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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Antares Metals Cash And Cash Equivalents Chart

Antares Metals Annual Data

Trend

Jun22

Jun23

Jun24

Cash And Cash Equivalents

3.24

1.27

1.12

Antares Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.68	1.27	2.35	1.12	1.88

Antares 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.

Antares Metals (OTCPK:NISLF) 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.

Antares Metals Cash And Cash Equivalents Related Terms

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Antares Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antares Metals Ltd (OTCPK:NISLF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

AM5:Australia

Address

43 Ventnor Avenue, Level 1, West Perth, WA, AUS, 6005

Website

https://www.antaresmetals.com.au

Antares Metals Ltd is a multi-commodity, Australian-focused explorer with two district-scale exploration hubs located adjacent to established mine and processing infrastructure. The Company uses modern exploration methods and models to develop cost-effective exploration programs focused on discovery. Its projects include the Mt Isa North Copper-Uranium Project and the Carlingup Lithium-Nickel Project.

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