Lykos Metals (ASX:LYK) Cash And Cash Equivalents : A$0.82 Mil (As of Dec. 2023)

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What is Lykos Metals Cash And Cash Equivalents?

Lykos Metals's quarterly cash and cash equivalents declined from Dec. 2022 (A$3.03 Mil) to Jun. 2023 (A$1.89 Mil) but then stayed the same from Jun. 2023 (A$1.89 Mil) to Dec. 2023 (A$0.82 Mil).

Lykos Metals's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$7.09 Mil) but then declined from Jun. 2022 (A$7.09 Mil) to Jun. 2023 (A$1.89 Mil).

Lykos Metals Cash And Cash Equivalents Historical Data

The historical data trend for Lykos Metals'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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Lykos Metals Cash And Cash Equivalents Chart

Lykos Metals Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

7.09

1.89

Lykos Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	9.87	7.09	3.03	1.89	0.82

Lykos Metals 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.

Lykos Metals (ASX:LYK) 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.

Lykos Metals Cash And Cash Equivalents Related Terms

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Lykos Metals (ASX:LYK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lykos Metals Ltd (ASX:LYK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

152 -158 Saint Georges Terrace, Level 48, Central Park, Perth, WA, AUS, 6000

Website

https://www.lykosmetals.com

Lykos Metals Ltd is a mineral exploration company. It has acquired three battery metals projects in Bosnia-Herzegovina. Its projects include Sinjakovo Project; Cajnice Project, Jezero Project and Sockovac Project. The projects have a history of high-grade minerals discovery and extraction and are prospective for nickel, copper, cobalt, precious metals, and potentially also lithium and REE.

Lykos Metals (ASX:LYK) Headlines

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