Lexington Gold (FRA:XX40) Cash And Cash Equivalents : €0.26 Mil (As of Jun. 2023)

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What is Lexington Gold Cash And Cash Equivalents?

Lexington Gold's quarterly cash and cash equivalents increased from Jun. 2022 (€0.35 Mil) to Dec. 2022 (€0.40 Mil) but then stayed the same from Dec. 2022 (€0.40 Mil) to Jun. 2023 (€0.26 Mil).

Lexington Gold's annual cash and cash equivalents declined from Dec. 2020 (€2.38 Mil) to Dec. 2021 (€0.84 Mil) and declined from Dec. 2021 (€0.84 Mil) to Dec. 2022 (€0.40 Mil).

Lexington Gold Cash And Cash Equivalents Historical Data

The historical data trend for Lexington 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.

Lexington Gold Cash And Cash Equivalents Chart

Lexington Gold Annual Data

Trend

Jun18

Jun19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.43

0.18

2.38

0.84

0.40

Lexington Gold Semi-Annual Data
	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial				1.71	0.84	0.35	0.40	0.26

Lexington 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.

Lexington Gold (FRA:XX40) 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.

Lexington Gold Cash And Cash Equivalents Related Terms

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Lexington Gold (FRA:XX40) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lexington Gold Ltd (FRA:XX40) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

LEX:UK

Address

Clarendon House, 2 Church Street, Hamilton, BMU, HM 11

Website

https://www.lexingtongold.co.uk

Lexington Gold Ltd is engaged in the gold exploration and development of its four gold projects in North and South Carolina, USA. The Company comprises the following reportable segments such as Corporate and Exploration activities. The projects are situated in the Carolina Super Terrane and are host to a number of multi-million-ounce mines operated. Its projects include Jennings-Pioneer Project, Argo Project, Carolina Belle Project, And Jones Keystone & Loflin Project (JKL).

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