MC Mining (ASX:MCM) Cash And Cash Equivalents : A$5.05 Mil (As of Dec. 2023)

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What is MC Mining Cash And Cash Equivalents?

MC Mining's quarterly cash and cash equivalents declined from Dec. 2022 (A$29.77 Mil) to Jun. 2023 (A$11.17 Mil) but then stayed the same from Jun. 2023 (A$11.17 Mil) to Dec. 2023 (A$5.05 Mil).

MC Mining's annual cash and cash equivalents increased from Jun. 2021 (A$4.22 Mil) to Jun. 2022 (A$4.26 Mil) and increased from Jun. 2022 (A$4.26 Mil) to Jun. 2023 (A$11.17 Mil).

MC Mining Cash And Cash Equivalents Historical Data

The historical data trend for MC 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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MC Mining Cash And Cash Equivalents Chart

MC Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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12.69

3.88

4.22

4.26

11.17

MC Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.78	4.26	29.77	11.17	5.05

MC 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.

MC Mining (ASX:MCM) 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.

MC Mining Cash And Cash Equivalents Related Terms

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MC Mining (ASX:MCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » MC Mining Ltd (ASX:MCM) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

MCZ:South Africa MCM.GB:UK MCM:UK

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.mcmining.co.za

MC Mining Ltd is a coal mining company in South Africa. It has three reportable segments namely Exploration, Development, and Mining. The Exploration segment involves in search of resources for commercial exploitation and viability and determines technical feasibility. The Development segment is engaged in commissioning facilities to extract, treat, and transport products from the mineral reserve and other preparations for commercial production. The Mining segment, which is the key revenue generator is involved in the day to day activities of obtaining a saleable product from mineral reserve on a commercial scale. Some of its key projects include Uitkomst Colliery, the Makhado project, and the Greater Soutpansberg Project. Its geographical segments include Australia and South Africa.

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