OD6 Metals (ASX:OD6) Cash, Cash Equivalents, Marketable Securities : A$2.09 Mil (As of Dec. 2023)

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What is OD6 Metals Cash, Cash Equivalents, Marketable Securities?

OD6 Metals's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$5.84 Mil) to Jun. 2023 (A$3.52 Mil) but then stayed the same from Jun. 2023 (A$3.52 Mil) to Dec. 2023 (A$2.09 Mil).

OD6 Metals's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$8.36 Mil) but then declined from Jun. 2022 (A$8.36 Mil) to Jun. 2023 (A$3.52 Mil).

OD6 Metals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for OD6 Metals's Cash, Cash Equivalents, Marketable Securities 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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OD6 Metals Cash, Cash Equivalents, Marketable Securities Chart

OD6 Metals Annual Data

Trend

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

8.36

3.52

OD6 Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	8.62	8.36	5.84	3.52	2.09

OD6 Metals Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

OD6 Metals (ASX:OD6) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

OD6 Metals Cash, Cash Equivalents, Marketable Securities Related Terms

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OD6 Metals (ASX:OD6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OD6 Metals Ltd (ASX:OD6) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- LCP Group, 50 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.od6metals.com.au

OD6 Metals Ltd is a mineral exploration company focused on the discovery and potential development of large-scale rare earth element (REE) deposits. The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, approximately 30 to 150km north of the major port and town of Esperance.

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