Legacy Minerals Holdings (ASX:LGM) Cash And Cash Equivalents : A$1.60 Mil (As of Dec. 2023)

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What is Legacy Minerals Holdings Cash And Cash Equivalents?

Legacy Minerals Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (A$2.71 Mil) to Jun. 2023 (A$1.62 Mil) but then stayed the same from Jun. 2023 (A$1.62 Mil) to Dec. 2023 (A$1.60 Mil).

Legacy Minerals Holdings's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$2.77 Mil) but then declined from Jun. 2022 (A$2.77 Mil) to Jun. 2023 (A$1.62 Mil).

Legacy Minerals Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Legacy Minerals Holdings'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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Legacy Minerals Holdings Cash And Cash Equivalents Chart

Legacy Minerals Holdings Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

2.77

1.62

Legacy Minerals Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			4.19	2.77	2.71	1.62	1.60

Legacy Minerals Holdings 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.

Legacy Minerals Holdings (ASX:LGM) 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.

Legacy Minerals Holdings Cash And Cash Equivalents Related Terms

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Legacy Minerals Holdings (ASX:LGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Minerals Holdings Ltd (ASX:LGM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

401/54 Miller Street, North Sydney, NSW, AUS, 2060

Website

https://www.legacyminerals.com.au

Legacy Minerals Holdings Ltd is focused on gold and copper discovery. The company is involved in the acquisition and exploration of gold and copper projects in the prospective Lachlan Fold Belt (LFB) and New England Fold Belt (NEFB) of New South Wales (NSW). Its properties include Cobar, Harden, Rockley, Bauloora, Black range, and Fontenoy.

Legacy Minerals Holdings (ASX:LGM) Headlines

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