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RBWRF (Rainbow Rare Earths) Cash And Cash Equivalents : $0.08 Mil (As of Jun. 2024)


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What is Rainbow Rare Earths Cash And Cash Equivalents?

Rainbow Rare Earths's quarterly cash and cash equivalents declined from Jun. 2023 ($8.11 Mil) to Dec. 2023 ($4.00 Mil) but then stayed the same from Dec. 2023 ($4.00 Mil) to Jun. 2024 ($0.08 Mil).

Rainbow Rare Earths's annual cash and cash equivalents increased from Jun. 2022 ($4.13 Mil) to Jun. 2023 ($8.11 Mil) but then declined from Jun. 2023 ($8.11 Mil) to Jun. 2024 ($0.08 Mil).

Rainbow Rare Earths Cash And Cash Equivalents Historical Data

The historical data trend for Rainbow Rare Earths'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.

Rainbow Rare Earths Cash And Cash Equivalents Chart

Rainbow Rare Earths Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.57 4.13 8.11 0.08

Rainbow Rare Earths Semi-Annual Data
Jun14 Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.13 2.15 8.11 4.00 0.08

Rainbow Rare Earths 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.

Rainbow Rare Earths  (OTCPK:RBWRF) 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.

Rainbow Rare Earths Cash And Cash Equivalents Related Terms

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Rainbow Rare Earths Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainbow Rare Earths Ltd (OTCPK:RBWRF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
RBW:UK RR1:Germany
Address
St Julian's Avenue, Connaught House, Saint Peter Port, GGY, GY1 3EL
Website
https://www.rainbowrareearths.com
Rainbow Rare Earths Ltd aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the magnet rare earth elements neodymium & praseodymium, dysprosium & terbium. It is focused on the development of the Phalaborwa Project and the earlier stage Uberaba Project. Both projects entail the recovery of rare earths from phosphogypsum stacks that occur as the by-product of phosphoric acid production, with the original source rock for both deposits being a hardrock carbonatite.