Global Ferronickel Holdings (PHS:FNI) Cash And Cash Equivalents : ₱1,228 Mil (As of Jun. 2024)

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What is Global Ferronickel Holdings Cash And Cash Equivalents?

Global Ferronickel Holdings's quarterly cash and cash equivalents declined from Dec. 2023 (₱2,442.90 Mil) to Mar. 2024 (₱1,506.56 Mil) but then stayed the same from Mar. 2024 (₱1,506.56 Mil) to Jun. 2024 (₱1,227.58 Mil).

Global Ferronickel Holdings's annual cash and cash equivalents declined from Dec. 2021 (₱3,821.18 Mil) to Dec. 2022 (₱3,180.59 Mil) and declined from Dec. 2022 (₱3,180.59 Mil) to Dec. 2023 (₱2,442.90 Mil).

Global Ferronickel Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Global Ferronickel Holdings'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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Global Ferronickel Holdings Cash And Cash Equivalents Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,761.24

2,451.57

3,821.18

3,180.59

2,442.90

Global Ferronickel Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															798.30	2,773.58	2,442.90	1,506.56	1,227.58

Global Ferronickel Holdings 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.

Global Ferronickel Holdings (PHS:FNI) 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.

Global Ferronickel Holdings Cash And Cash Equivalents Related Terms

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Global Ferronickel Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.