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Frontier Lithium (Frontier Lithium) Cash And Cash Equivalents : $11.54 Mil (As of Dec. 2023)


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What is Frontier Lithium Cash And Cash Equivalents?

Frontier Lithium's quarterly cash and cash equivalents declined from Jun. 2023 ($16.82 Mil) to Sep. 2023 ($13.77 Mil) but then stayed the same from Sep. 2023 ($13.77 Mil) to Dec. 2023 ($11.54 Mil).

Frontier Lithium's annual cash and cash equivalents increased from Mar. 2021 ($8.23 Mil) to Mar. 2022 ($13.97 Mil) and increased from Mar. 2022 ($13.97 Mil) to Mar. 2023 ($20.00 Mil).

Frontier Lithium Cash And Cash Equivalents Historical Data

The historical data trend for Frontier Lithium'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.

Frontier Lithium Cash And Cash Equivalents Chart

Frontier Lithium Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.55 8.23 13.97 20.00

Frontier Lithium Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.20 20.00 16.82 13.77 11.54

Frontier Lithium 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.

Frontier Lithium  (OTCPK:LITOF) 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.

Frontier Lithium Cash And Cash Equivalents Related Terms

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Frontier Lithium (Frontier Lithium) Business Description

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Traded in Other Exchanges
HL2:Germany FL:Canada
Address
2736 Belisle Drive, Val Caron, ON, CAN, P3N 1B3
Website
https://www.frontierlithium.com
Frontier Lithium Inc is engaged in the acquisition, exploration, and development of mining properties. The company has a land position on Electric Avenue, Ontario's newly emerging premium lithium-metal district hosted in the Canadian Shield of northwestern Ontario. The company project includes PAK Lithium Project, Spark Deposit, Bolt Pegmatite, and Pennock Pegmatite.