Tolu Minerals (ASX:TOK) Cash per Share : A$0.11 (As of Dec. 2023)

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What is Tolu Minerals Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Tolu Minerals's Cash per Share for the quarter that ended in Dec. 2023 was A$0.11.

Tolu Minerals Cash per Share Historical Data

The historical data trend for Tolu Minerals's Cash per Share 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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Tolu Minerals Cash per Share Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash per Share

0.12

0.11

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash per Share	-	-	0.12	0.11

Tolu Minerals Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Tolu Minerals's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	12.617	/	114.96
	=	0.11

Tolu Minerals's Cash per Share for the quarter that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	12.617	/	114.96
	=	0.11

Tolu Minerals (ASX:TOK) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Tolu Minerals Cash per Share Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.