Legacy Education Alliance (Legacy Education Alliance) Cash, Cash Equivalents, Marketable Securities : $0.13 Mil (As of Sep. 2023)

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What is Legacy Education Alliance Cash, Cash Equivalents, Marketable Securities?

Legacy Education Alliance's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($0.11 Mil) to Jun. 2023 ($0.07 Mil) but then increased from Jun. 2023 ($0.07 Mil) to Sep. 2023 ($0.13 Mil).

Legacy Education Alliance's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($1.50 Mil) to Dec. 2021 ($0.58 Mil) and declined from Dec. 2021 ($0.58 Mil) to Dec. 2022 ($0.11 Mil).

Legacy Education Alliance Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Legacy Education Alliance'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.

Legacy Education Alliance Cash, Cash Equivalents, Marketable Securities Chart

Legacy Education Alliance Annual Data

Trend

Sep13

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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1.16

3.84

1.50

0.58

0.11

Legacy Education Alliance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.04	0.11	0.11	0.07	0.13

Legacy Education Alliance 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.

Legacy Education Alliance (OTCPK:LEAI) 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.

Legacy Education Alliance Cash, Cash Equivalents, Marketable Securities Related Terms

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Legacy Education Alliance (Legacy Education Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legacy Education Alliance Inc (OTCPK:LEAI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1490 NE Pine Island Road, Suite 5D, Cape Coral, FL, USA, 33909

Website

https://www.legacyeducationalliance.com

Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.

Executives

Barry Kostiner	director	C/O AMERI HOLDINGS, INC., 5000 RESEARCH COURT, SUITE 750, SUWANEE GA 30024
Michel Botbol	director, officer: Chief Executive Officer	1490 N. E. PINE ISLAND RD., SUITE 5D, CAPE CORAL FL 33909
Legacy Tech Partners, Llc	10 percent owner	1 N SHERRI LANE, SPRING VALLEY NY 10977
Peter W Harper	director	C/O SUNTRON CORP, 2501 WEST GRANDVIEW ROAD, PHOENIX AZ 85023
Anthony C. Humpage	director, 10 percent owner	1612 EAST CAPE CORAL PKWY, LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Vanessa Guzman-clark	officer: Chief Financial Officer	1831 SOUTHWEST 6TH AVENUE, CAPE CORAL FL 33991
Martin Foster	officer: Co-President	50 VALE ROAD, WINDSOR X0 SL4 5LA
Cary Sucoff	director	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Fredrick Dummar	officer: Senior Vice President & NEO	1612 EAST CAPE CORAL PKWY, 1, CAPE CORAL FL 33904
Christian Baeza	officer: Chief Financial Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
James K Bass	director, officer: Chairman of the Board	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
James E. May	officer: Executive Vice President	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
Iain Edwards	officer: Chief Operating Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904