Phoenix Copper (STU:5HR) Cash And Cash Equivalents : €2.52 Mil (As of Jun. 2024)

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What is Phoenix Copper Cash And Cash Equivalents?

Phoenix Copper's quarterly cash and cash equivalents declined from Jun. 2023 (€2.54 Mil) to Dec. 2023 (€0.26 Mil) but then increased from Dec. 2023 (€0.26 Mil) to Jun. 2024 (€2.52 Mil).

Phoenix Copper's annual cash and cash equivalents declined from Dec. 2021 (€11.55 Mil) to Dec. 2022 (€4.40 Mil) and declined from Dec. 2022 (€4.40 Mil) to Dec. 2023 (€0.26 Mil).

Phoenix Copper Cash And Cash Equivalents Historical Data

The historical data trend for Phoenix Copper'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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Phoenix Copper Cash And Cash Equivalents Chart

Phoenix Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.19

0.94

11.55

4.40

0.26

Phoenix Copper Semi-Annual Data
	Dec14	Dec15	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														8.56	4.40	2.54	0.26	2.52

Phoenix Copper 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.

Phoenix Copper (STU:5HR) 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.

Phoenix Copper Cash And Cash Equivalents Related Terms

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Phoenix Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Phoenix Copper Ltd (STU:5HR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PXCLY:USA PXCLF:USA PXC:UK 5HR:Germany

Address

Wickhams Cay 1, Road Town, OMC Chambers, Tortola, VGB, VG1110

Website

https://www.phoenixcopperlimited.com

Phoenix Copper Ltd is a USA-focused, base and precious metal emerging producer and exploration company. It is evaluating the silver and gold resources around three other past-producing mines within the 8,034-acre Empire claims block as well as cobalt in two claims blocks north of Empire in Idaho. Its operations are focused near Mackay, Idaho in the Alder Creek mining district. This district includes the historical Empire, Horseshoe, White Knob, and Blue Bird Mines, past producers of copper, gold, silver, zinc, lead, and tungsten from underground mines. Additionally, the district includes Navarre Creek, a Carlin-trend gold discovery that hosts a 6.1 km gold strike length within a 9.8 km2 area.

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