Lahontan Gold (TSXV:LG) Cash And Cash Equivalents : C$0.14 Mil (As of Mar. 2024)

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What is Lahontan Gold Cash And Cash Equivalents?

Lahontan Gold's quarterly cash and cash equivalents declined from Sep. 2023 (C$1.48 Mil) to Dec. 2023 (C$0.70 Mil) but then stayed the same from Dec. 2023 (C$0.70 Mil) to Mar. 2024 (C$0.14 Mil).

Lahontan Gold's annual cash and cash equivalents declined from Dec. 2021 (C$1.34 Mil) to Dec. 2022 (C$1.10 Mil) and declined from Dec. 2022 (C$1.10 Mil) to Dec. 2023 (C$0.70 Mil).

Lahontan Gold Cash And Cash Equivalents Historical Data

The historical data trend for Lahontan 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.

* Premium members only.

Lahontan Gold Cash And Cash Equivalents Chart

Lahontan Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.34

1.10

0.70

Lahontan Gold Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial							1.10	2.62	1.48	0.70	0.14

Lahontan 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.

Lahontan Gold (TSXV:LG) 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.

Lahontan Gold Cash And Cash Equivalents Related Terms

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Lahontan Gold (TSXV:LG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lahontan Gold Corp (TSXV:LG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

LGCXF:USA

Address

890 West Pender Street, Suite 600, Toronto, ON, CAN, V6C 1J9

Website

https://www.lahontangoldcorp.com

Lahontan Gold Corp is engaged in the exploration of gold and silver. The Company is an exploration stage junior mining company engaged in the identification, acquisition, evaluation and exploration of mineral properties in Nevada, USA. The projects of the company include Santa Fe, Moho, and Redlich located in Nevada.

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