Beyond Lithium (XCNQ:BY) Cash And Cash Equivalents : C$0.06 Mil (As of Mar. 2024)

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What is Beyond Lithium Cash And Cash Equivalents?

Beyond Lithium's quarterly cash and cash equivalents declined from Sep. 2023 (C$0.30 Mil) to Dec. 2023 (C$0.08 Mil) but then stayed the same from Dec. 2023 (C$0.08 Mil) to Mar. 2024 (C$0.06 Mil).

Beyond Lithium's annual cash and cash equivalents declined from Dec. 2021 (C$0.47 Mil) to Dec. 2022 (C$0.35 Mil) and declined from Dec. 2022 (C$0.35 Mil) to Dec. 2023 (C$0.08 Mil).

Beyond Lithium Cash And Cash Equivalents Historical Data

The historical data trend for Beyond 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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Beyond Lithium Cash And Cash Equivalents Chart

Beyond Lithium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.01

0.47

0.35

0.08

Beyond Lithium Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.35	0.82	0.30	0.08	0.06

Beyond 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.

Beyond Lithium (XCNQ:BY) 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.

Beyond Lithium Cash And Cash Equivalents Related Terms

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Beyond Lithium (XCNQ:BY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Beyond Lithium Inc (XCNQ:BY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

BYDMF:USA

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.beyondminerals.ca

Beyond Lithium Inc is a lithium exploration company based in Ontario. The company is mainly engaged in acquiring and exploring mineral properties. Its project portfolio includes Peggy Group Lithium Property, North Trout Lake, and New Ontario Lithium Properties.

Executives

Lawrence Tsang

Senior Officer