AJ Lucas Group (AJ Lucas Group) Cash And Cash Equivalents : $12.0 Mil (As of Dec. 2023)

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What is AJ Lucas Group Cash And Cash Equivalents?

AJ Lucas Group's quarterly cash and cash equivalents declined from Dec. 2022 ($14.44 Mil) to Jun. 2023 ($9.43 Mil) but then increased from Jun. 2023 ($9.43 Mil) to Dec. 2023 ($12.02 Mil).

AJ Lucas Group's annual cash and cash equivalents declined from Jun. 2021 ($3.93 Mil) to Jun. 2022 ($1.65 Mil) but then increased from Jun. 2022 ($1.65 Mil) to Jun. 2023 ($9.43 Mil).

AJ Lucas Group Cash And Cash Equivalents Historical Data

The historical data trend for AJ Lucas Group'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.

AJ Lucas Group Cash And Cash Equivalents Chart

AJ Lucas Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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7.05

3.09

3.93

1.65

9.43

AJ Lucas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															5.60	1.65	14.44	9.43	12.02

AJ Lucas Group 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.

AJ Lucas Group (OTCPK:AJLGF) 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.

AJ Lucas Group Cash And Cash Equivalents Related Terms

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AJ Lucas Group (AJ Lucas Group) Business Description

Industry

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AJL:Australia

Address

167 Eagle Street, Level 22, Emirates House, Brisbane, QLD, AUS, 4000

Website

https://www.lucas.com.au

AJ Lucas Group Ltd is a provider of drilling services in Australia in the coal sector, but also in the wider energy, water, and wastewater and resources sectors. The company is structured into two principal operating segments: Drilling and UK Oil & Gas Operations. All of the company's revenues are generated from the Drilling segment in Australia.

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