Philex Mining (PHS:PX) Cash And Cash Equivalents : ₱4,058 Mil (As of Dec. 2024)

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What is Philex Mining Cash And Cash Equivalents?

Philex Mining's quarterly cash and cash equivalents declined from Jun. 2024 (₱8,184.45 Mil) to Sep. 2024 (₱5,551.08 Mil) but then stayed the same from Sep. 2024 (₱5,551.08 Mil) to Dec. 2024 (₱4,058.41 Mil).

Philex Mining's annual cash and cash equivalents declined from Dec. 2022 (₱3,925.30 Mil) to Dec. 2023 (₱3,814.35 Mil) but then increased from Dec. 2023 (₱3,814.35 Mil) to Dec. 2024 (₱4,058.41 Mil).

Philex Mining Cash And Cash Equivalents Historical Data

The historical data trend for Philex Mining'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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Philex Mining Cash And Cash Equivalents Chart

Philex Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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1,191.48

2,890.76

3,925.30

3,814.35

4,058.41

Philex Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															3,814.35	2,848.93	8,184.45	5,551.08	4,058.41

Philex Mining 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.

Philex Mining (PHS:PX) 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.

Philex Mining Cash And Cash Equivalents Related Terms

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Philex Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Philex Mining Corp (PHS:PX) » Definitions » Cash And Cash Equivalents

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PXMFF:USA

Address

Reliance Street Corner Sheridan Street, 2nd Floor, Launchpad, Metro Manila, Mandaluyong, PHL, 1550

Website

https://www.philexmining.com.ph

Philex Mining Corporation is engaged in large-scale exploration, development and utilization of mineral resources. The company is organized across two main business groupings: the mining and metals business and the energy and hydrocarbon business. The metals business mines copper concentrates to produce copper and by-products of gold and silver. The energy and hydrocarbon business has interests (operating and non-operating) in several oil and gas companies. The metals business's gold and copper output is largely produced by the Padcal Mine in Benguet, Philippines. Production from the Padcal Mine contributes the vast majority of the entire company's revenue.