Marvel Gold (ASX:MVL) Cash And Cash Equivalents : A$0.90 Mil (As of Jun. 2024)

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What is Marvel Gold Cash And Cash Equivalents?

Marvel Gold's quarterly cash and cash equivalents declined from Jun. 2023 (A$2.19 Mil) to Dec. 2023 (A$1.34 Mil) but then stayed the same from Dec. 2023 (A$1.34 Mil) to Jun. 2024 (A$0.90 Mil).

Marvel Gold's annual cash and cash equivalents declined from Jun. 2021 (A$1.51 Mil) to Dec. 2022 (A$1.18 Mil) but then increased from Dec. 2022 (A$1.18 Mil) to Dec. 2023 (A$1.34 Mil).

Marvel Gold Cash And Cash Equivalents Historical Data

The historical data trend for Marvel Gold'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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Marvel Gold Cash And Cash Equivalents Chart

Marvel Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Cash And Cash Equivalents

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1.27

0.31

1.51

1.18

1.34

Marvel Gold Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial												3.32	1.18	2.19	1.34	0.90

Marvel Gold 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.

Marvel Gold (ASX:MVL) 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.

Marvel Gold Cash And Cash Equivalents Related Terms

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Marvel Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marvel Gold Ltd (ASX:MVL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GR2:Germany

Address

130 Hay Street, Level One, Perth, WA, AUS, 6005

Website

https://www.marvelgold.com.au

Marvel Gold Ltd is a Mali-focused gold explorer company with advanced gold exploration projects and extensive landholdings in South and West Mali. The project portfolio of the group includes Tabakorole Gold project, Yanfolila Gold project, and Kolondieba Gold project.

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