Ultra Lithium (TSXV:ULT) Cash And Cash Equivalents : C$0.05 Mil (As of Jan. 2025)

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What is Ultra Lithium Cash And Cash Equivalents?

Ultra Lithium's quarterly cash and cash equivalents increased from Jul. 2024 (C$0.08 Mil) to Oct. 2024 (C$0.30 Mil) but then stayed the same from Oct. 2024 (C$0.30 Mil) to Jan. 2025 (C$0.05 Mil).

Ultra Lithium's annual cash and cash equivalents declined from Oct. 2022 (C$8.96 Mil) to Oct. 2023 (C$0.47 Mil) and declined from Oct. 2023 (C$0.47 Mil) to Oct. 2024 (C$0.30 Mil).

Ultra Lithium Cash And Cash Equivalents Historical Data

The historical data trend for Ultra 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.

Ultra Lithium Cash And Cash Equivalents Chart

Ultra Lithium Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

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0.09

0.48

8.96

0.47

0.30

Ultra Lithium Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.28	0.41	0.08	0.30	0.05

Ultra 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.

Ultra Lithium (TSXV:ULT) 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.

Ultra Lithium Cash And Cash Equivalents Related Terms

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Ultra Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ultra Lithium Inc (TSXV:ULT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ULTXF:USA QFB:Germany

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.ultralithium.com

Ultra Lithium Inc is engaged in the acquisition, exploration, and evaluation of assets. The properties in which the company currently has an interest are in the exploration stage. The geographical segments of the group are Canada, the United States, and Argentina. Some of its properties are Georgia Lake, Forgan Lake, Antofagasta, and La Rioja, La Borita, Antigua, Cordoba, and Others.

Executives

Kiriaki Smith	Senior Officer
Weiguo Lang	Director
Andrew Lee Smith	Director

Ultra Lithium Headlines

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