Standard Lithium (LTS:0VIK) Cash And Cash Equivalents : C$15.72 Mil (As of Mar. 2024)

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What is Standard Lithium Cash And Cash Equivalents?

Standard Lithium's quarterly cash and cash equivalents declined from Sep. 2023 (C$37.18 Mil) to Dec. 2023 (C$15.83 Mil) but then stayed the same from Dec. 2023 (C$15.83 Mil) to Mar. 2024 (C$15.72 Mil).

Standard Lithium's annual cash and cash equivalents increased from Jun. 2021 (C$27.99 Mil) to Jun. 2022 (C$129.07 Mil) but then declined from Jun. 2022 (C$129.07 Mil) to Jun. 2023 (C$59.61 Mil).

Standard Lithium Cash And Cash Equivalents Historical Data

The historical data trend for Standard 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.

Standard Lithium Cash And Cash Equivalents Chart

Standard Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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6.85

4.14

27.99

129.07

59.61

Standard Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															91.42	59.61	37.18	15.83	15.72

Standard 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.

Standard Lithium (LTS:0VIK) 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.

Standard Lithium Cash And Cash Equivalents Related Terms

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Standard Lithium (LTS:0VIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Standard Lithium Corp (LTS:0VIK) » Definitions » Cash And Cash Equivalents

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Address

1075 West Georgia Street, Suite 1625, Vancouver, BC, CAN, V6E 3C9

Website

https://www.standardlithium.com

Standard Lithium Corp is engaged in the exploration and development of lithium brine properties in the United States. The Company is focused on the exploration and development of the Arkansas Lithium Project is located in south-central Arkansas. Its other projects comprise of Lanxess Project, Tetra project, and Bristol Dry Lake Project.

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