Hartshead Resources NL (ASX:HHR) Cash, Cash Equivalents, Marketable Securities : A$29.34 Mil (As of Dec. 2023)

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What is Hartshead Resources NL Cash, Cash Equivalents, Marketable Securities?

Hartshead Resources NL's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (A$8.89 Mil) to Jun. 2023 (A$32.88 Mil) but then stayed the same from Jun. 2023 (A$32.88 Mil) to Dec. 2023 (A$29.34 Mil).

Hartshead Resources NL's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (A$6.90 Mil) to Jun. 2022 (A$2.50 Mil) but then increased from Jun. 2022 (A$2.50 Mil) to Jun. 2023 (A$32.88 Mil).

Hartshead Resources NL Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Hartshead Resources NL'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.

* Premium members only.

Hartshead Resources NL Cash, Cash Equivalents, Marketable Securities Chart

Hartshead Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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5.80

1.89

6.90

2.50

32.88

Hartshead Resources NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															4.70	2.50	8.89	32.88	29.34

Hartshead Resources NL 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.

Hartshead Resources NL (ASX:HHR) 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.

Hartshead Resources NL Cash, Cash Equivalents, Marketable Securities Related Terms

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Hartshead Resources NL (ASX:HHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hartshead Resources NL (ASX:HHR) » Definitions » Cash, Cash Equivalents, Marketable Securities

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PGNYF:USA

Address

333C Charles Street, North Perth, Perth, WA, AUS, 6006

Website

https://www.hartshead-resources.com.au

Hartshead Resources NL is building a financially, technically, and environmentally responsible European Energy business. It is the owner and operator of License P2607 on the United Kingdom Continental Shelf, in the Southern Gas Basin. The License contains multiple gas fields, some of which have been only partially developed. The company also has operations in Poland, Gabon, and Madagascar. The Group has three reportable segments. The first is an interest in developing and exploring gas fields in the UK North Sea in Seaward Production License P2607. The second is an interest in exploring for oil in acreage known as, the Nkembe block, located offshore Gabon. The third interest is at the Ambilobe block, located offshore Madagascar.