Lynas Rare Earths (FRA:LYI) Cash And Cash Equivalents : €421.1 Mil (As of Dec. 2023)

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What is Lynas Rare Earths Cash And Cash Equivalents?

Lynas Rare Earths's quarterly cash and cash equivalents increased from Dec. 2022 (€595.03 Mil) to Jun. 2023 (€626.41 Mil) but then stayed the same from Jun. 2023 (€626.41 Mil) to Dec. 2023 (€421.12 Mil).

Lynas Rare Earths's annual cash and cash equivalents increased from Jun. 2021 (€368.57 Mil) to Jun. 2022 (€641.91 Mil) but then declined from Jun. 2022 (€641.91 Mil) to Jun. 2023 (€626.41 Mil).

Lynas Rare Earths Cash And Cash Equivalents Historical Data

The historical data trend for Lynas Rare Earths'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.

Lynas Rare Earths Cash And Cash Equivalents Chart

Lynas Rare Earths Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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55.13

62.34

368.57

641.91

626.41

Lynas Rare Earths 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															363.03	641.91	595.03	626.41	421.12

Lynas Rare Earths 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.

Lynas Rare Earths (FRA:LYI) 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.

Lynas Rare Earths Cash And Cash Equivalents Related Terms

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Lynas Rare Earths (FRA:LYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lynas Rare Earths Ltd (FRA:LYI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

LYSDY:USA LYSCF:USA LYC:Australia

Address

1 Howard Street, Level 4, Perth, WA, AUS, 6000

Website

https://www.lynascorp.com

Lynas Rare Earths Ltd is an Australian firm. It operates in a single segment and is engaged in integrated extraction and processing of Rare Earth minerals, in Australia and Malaysia; and the Development of Rare Earth deposits. It is focused on the Kalgoorlie project.

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