Pilbara Minerals (ASX:PLS) Cash And Cash Equivalents : A$2,144 Mil (As of Dec. 2023)

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What is Pilbara Minerals Cash And Cash Equivalents?

Pilbara Minerals's quarterly cash and cash equivalents increased from Dec. 2022 (A$2,226.49 Mil) to Jun. 2023 (A$3,338.55 Mil) but then stayed the same from Jun. 2023 (A$3,338.55 Mil) to Dec. 2023 (A$2,144.20 Mil).

Pilbara Minerals's annual cash and cash equivalents increased from Jun. 2021 (A$99.71 Mil) to Jun. 2022 (A$591.74 Mil) and increased from Jun. 2022 (A$591.74 Mil) to Jun. 2023 (A$3,338.55 Mil).

Pilbara Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Pilbara Minerals'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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Pilbara Minerals Cash And Cash Equivalents Chart

Pilbara Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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63.58

86.25

99.71

591.74

3,338.55

Pilbara Minerals 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															191.24	591.74	2,226.49	3,338.55	2,144.20

Pilbara Minerals 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.

Pilbara Minerals (ASX:PLS) 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.

Pilbara Minerals Cash And Cash Equivalents Related Terms

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Pilbara Minerals (ASX:PLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pilbara Minerals Ltd (ASX:PLS) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PILBF:USA PLR:Germany

Address

146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.pilbaraminerals.com.au

Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and mining of resources. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.

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