Legend Power Systems (Legend Power Systems) Cash, Cash Equivalents, Marketable Securities : $0.38 Mil (As of Mar. 2024)

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What is Legend Power Systems Cash, Cash Equivalents, Marketable Securities?

Legend Power Systems's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($1.85 Mil) to Dec. 2023 ($1.05 Mil) but then stayed the same from Dec. 2023 ($1.05 Mil) to Mar. 2024 ($0.38 Mil).

Legend Power Systems's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($7.33 Mil) to Sep. 2022 ($2.31 Mil) and declined from Sep. 2022 ($2.31 Mil) to Sep. 2023 ($1.85 Mil).

Legend Power Systems Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Legend Power Systems'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.

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Legend Power Systems Cash, Cash Equivalents, Marketable Securities Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

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4.29

1.73

7.33

2.31

1.85

Legend Power Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.10	0.39	1.85	1.05	0.38

Legend Power Systems 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.

Legend Power Systems (OTCPK:LPSIF) 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.

Legend Power Systems Cash, Cash Equivalents, Marketable Securities Related Terms

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Legend Power Systems (Legend Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (OTCPK:LPSIF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

XLE1:Germany LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.