Lithium (Lithium) Cash And Cash Equivalents : $3.67 Mil (As of Dec. 2023)

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What is Lithium Cash And Cash Equivalents?

Lithium's quarterly cash and cash equivalents increased from Jun. 2023 ($3.66 Mil) to Sep. 2023 ($3.74 Mil) but then stayed the same from Sep. 2023 ($3.74 Mil) to Dec. 2023 ($3.67 Mil).

Lithium's annual cash and cash equivalents increased from Dec. 2021 ($2.24 Mil) to Dec. 2022 ($3.58 Mil) and increased from Dec. 2022 ($3.58 Mil) to Dec. 2023 ($3.67 Mil).

Lithium Cash And Cash Equivalents Historical Data

The historical data trend for 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.

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Lithium Cash And Cash Equivalents Chart

Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.35

0.19

2.24

3.58

3.67

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															3.58	3.73	3.66	3.74	3.67

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.

Lithium (OTCPK:LTUM) 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.

Lithium Cash And Cash Equivalents Related Terms

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Lithium (Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Corp (OTCPK:LTUM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1031 Railroad Street, Suite 102B, Elko, NV, USA, 89801

Website

https://www.lithiumcorporation.com

Lithium Corp is an exploration company based in Nevada. It is engaged in the identification, acquisition, and exploration of metals and minerals. Lithium Corporation is currently exploring two wholly owned prospects located in the State of Nevada, USA and two prospects in British Columbia, Canada. The company's properties include Fish Lake property, San Emidio property, Mount Heimdal Flake Graphite property and BC Sugar Flake Graphite property.

Executives

Dr Borenstein Ltd	10 percent owner	18 REINES ST, TEL AVIV L3 00000
Tom Lewis	director, 10 percent owner, officer: President/Secretary/Treasurer	1958 NEWHAVEN LOOP, RICHLAND WA 99352
Alexander Richard Walsh	director, 10 percent owner, officer: President / CEO	320 E. FAIRMONT DR, TEMPE AZ 85282
Brian O'connell Goss	director	1031 RAILROAD STREET, SUITE 102B, ELKO NV 89801
James Stuart Brown	director	APARTMENT PEARL GARDEN, UNIT NO. WP00606, JL. JEN. GATOT SUBROTO KAV 5-7, JAKARTA K8 12930
John G Webster	director	224 W. 16TH AVENUE, SPOKANE WA 99203
John E Hiner	director, 10 percent owner, officer: VP of Exploration	9443 AXLUND ROAD, LYNDEN WA 98264
Henry H Tonking	director	PO BOX 6545, INCLINE VILLAGE NV 89451
Mazen Hleiss	director, officer: President/Secretary/Treasurer	999 - 3RD AVE #3800, SEATTLE WA 98104