LFNT Resources (XCNQ:LFNT) Cash And Cash Equivalents : C$0.35 Mil (As of Apr. 2024)

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What is LFNT Resources Cash And Cash Equivalents?

LFNT Resources's quarterly cash and cash equivalents declined from Oct. 2023 (C$0.46 Mil) to Jan. 2024 (C$0.38 Mil) but then stayed the same from Jan. 2024 (C$0.38 Mil) to Apr. 2024 (C$0.35 Mil).

LFNT Resources's annual cash and cash equivalents increased from . 20 (C$0.00 Mil) to Oct. 2022 (C$0.51 Mil) but then declined from Oct. 2022 (C$0.51 Mil) to Oct. 2023 (C$0.46 Mil).

LFNT Resources Cash And Cash Equivalents Historical Data

The historical data trend for LFNT Resources'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.

LFNT Resources Cash And Cash Equivalents Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

Cash And Cash Equivalents

0.51

0.46

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.45	0.36	0.46	0.38	0.35

LFNT Resources 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.

LFNT Resources (XCNQ:LFNT) 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.

LFNT Resources Cash And Cash Equivalents Related Terms

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LFNT Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LFNT Resources Corp (XCNQ:LFNT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.lfnt.ca

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

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