LKMNF (Lucky Minerals) Cash And Cash Equivalents : $0.00 Mil (As of Apr. 2024)

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What is Lucky Minerals Cash And Cash Equivalents?

Lucky Minerals's quarterly cash and cash equivalents declined from Oct. 2023 ($0.00 Mil) to Jan. 2024 ($0.00 Mil) but then stayed the same from Jan. 2024 ($0.00 Mil) to Apr. 2024 ($0.00 Mil).

Lucky Minerals's annual cash and cash equivalents declined from Oct. 2021 ($1.56 Mil) to Oct. 2022 ($0.81 Mil) and declined from Oct. 2022 ($0.81 Mil) to Oct. 2023 ($0.00 Mil).

Lucky Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Lucky Minerals'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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Lucky Minerals Cash And Cash Equivalents Chart

Lucky Minerals Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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0.09

1.56

0.81

Lucky Minerals Quarterly Data
	Mar19	Jun19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.01	-	-	-	-

Lucky Minerals 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.

Lucky Minerals (OTCPK:LKMNF) 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.

Lucky Minerals Cash And Cash Equivalents Related Terms

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Lucky Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucky Minerals Inc (OTCPK:LKMNF) » Definitions » Cash And Cash Equivalents

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Address

789 West Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.luckyminerals.com

Lucky Minerals Inc is engaged in the business of acquiring and exploring large-scale mineral systems in some districts. It owns an interest in the Fortuna Project in Ecuador that is a royalty-free exploration property and has the potential for the discovery of epithermal gold and copper, moly, gold porphyry type mineralization, as others found in the Andean Cordillera.