Global Lithium Resources (ASX:GL1) Cash And Cash Equivalents : A$35.97 Mil (As of Dec. 2023)

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What is Global Lithium Resources Cash And Cash Equivalents?

Global Lithium Resources's quarterly cash and cash equivalents declined from Dec. 2022 (A$76.25 Mil) to Jun. 2023 (A$61.95 Mil) but then stayed the same from Jun. 2023 (A$61.95 Mil) to Dec. 2023 (A$35.97 Mil).

Global Lithium Resources's annual cash and cash equivalents increased from Jun. 2021 (A$3.63 Mil) to Jun. 2022 (A$32.93 Mil) and increased from Jun. 2022 (A$32.93 Mil) to Jun. 2023 (A$61.95 Mil).

Global Lithium Resources Cash And Cash Equivalents Historical Data

The historical data trend for Global Lithium Resources'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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Global Lithium Resources Cash And Cash Equivalents Chart

Global Lithium Resources Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

3.63

32.93

61.95

Global Lithium Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			11.09	32.93	76.25	61.95	35.97

Global Lithium Resources 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.

Global Lithium Resources (ASX:GL1) 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.

Global Lithium Resources Cash And Cash Equivalents Related Terms

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Global Lithium Resources (ASX:GL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Lithium Resources Ltd (ASX:GL1) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ventnor Avenue, Level 1, Perth, WA, AUS, 6005

Website

https://www.globallithium.com.au

Global Lithium Resources Ltd is an emerging lithium exploration company with a primary 100% focus on the Marble Bar Lithium Project in the Pilbara region of Western Australia and an 80% interest in the exploration rights and future mining rights to lithium and lithium associated comineral rights in the Manna Lithium Project.

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