Iris Energy (Iris Energy) Cash And Cash Equivalents : $90.31 Mil (As of Dec. 2023)

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What is Iris Energy Cash And Cash Equivalents?

Iris Energy's quarterly cash and cash equivalents increased from Dec. 2022 ($40.66 Mil) to Jun. 2023 ($68.89 Mil) and increased from Jun. 2023 ($68.89 Mil) to Dec. 2023 ($90.31 Mil).

Iris Energy's annual cash and cash equivalents increased from Jun. 2021 ($38.99 Mil) to Jun. 2022 ($109.97 Mil) but then declined from Jun. 2022 ($109.97 Mil) to Jun. 2023 ($68.89 Mil).

Iris Energy Cash And Cash Equivalents Historical Data

The historical data trend for Iris Energy'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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Iris Energy Cash And Cash Equivalents Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

1.96

38.99

109.97

68.89

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							157.99	109.97	40.66	68.89	90.31

Iris Energy 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.

Iris Energy (NAS:IREN) 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.

Iris Energy Cash And Cash Equivalents Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.