PYCFF (Mount Logan Capital) Cash And Cash Equivalents : $86.0 Mil (As of Dec. 2024)

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What is Mount Logan Capital Cash And Cash Equivalents?

Mount Logan Capital's quarterly cash and cash equivalents increased from Jun. 2024 ($87.70 Mil) to Sep. 2024 ($106.31 Mil) but then stayed the same from Sep. 2024 ($106.31 Mil) to Dec. 2024 ($85.99 Mil).

Mount Logan Capital's annual cash and cash equivalents increased from Dec. 2022 ($65.90 Mil) to Dec. 2023 ($90.22 Mil) but then declined from Dec. 2023 ($90.22 Mil) to Dec. 2024 ($85.99 Mil).

Mount Logan Capital Cash And Cash Equivalents Historical Data

The historical data trend for Mount Logan Capital'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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Mount Logan Capital Cash And Cash Equivalents Chart

Mount Logan Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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6.66

44.17

65.90

90.22

85.99

Mount Logan Capital Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															90.22	67.85	87.70	106.31	85.99

Mount Logan Capital 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.

Mount Logan Capital (OTCPK:PYCFF) 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.

Mount Logan Capital Cash And Cash Equivalents Related Terms

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Mount Logan Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mount Logan Capital Inc (OTCPK:PYCFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MLC:Canada

Address

650 Madison Avenue, 3rd Floor, New York, NY, USA, 10022

Website

https://www.mountlogancapital.ca

Mount Logan Capital Inc operates as emerging asset management and investment firm focused on investing in public and private debt securities in the North American market. The Company's reporting segments include asset management and insurance. The asset management segment reflects the Company's historical operations through its subsidiaries, including ML Management, and the insurance segment represents Ability's operations. The Company through its subsidiaries, earns management and incentive fees and servicing fees for providing investment management, monitoring and other services to investment vehicles and advisers. The insurance business is operated by Ability. Ability's insurance business consists of premium revenue from long term care insurance policies.