Patriot Lithium (ASX:PAT) Cash, Cash Equivalents, Marketable Securities : A$1.64 Mil (As of Dec. 2023)

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What is Patriot Lithium Cash, Cash Equivalents, Marketable Securities?

Patriot Lithium's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$8.73 Mil) to Jun. 2023 (A$5.09 Mil) but then stayed the same from Jun. 2023 (A$5.09 Mil) to Dec. 2023 (A$1.64 Mil).

Patriot Lithium's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$9.89 Mil) but then declined from Jun. 2022 (A$9.89 Mil) to Jun. 2023 (A$5.09 Mil).

Patriot Lithium Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Patriot Lithium's Cash, Cash Equivalents, Marketable Securities 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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Patriot Lithium Cash, Cash Equivalents, Marketable Securities Chart

Patriot Lithium Annual Data

Trend

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

9.89

5.09

Patriot Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	8.73	5.09	1.64

Patriot Lithium Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Patriot Lithium (ASX:PAT) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Patriot Lithium Cash, Cash Equivalents, Marketable Securities Related Terms

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Patriot Lithium (ASX:PAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Lithium Ltd (ASX:PAT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Milligan Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.patriot-lithium.com

Patriot Lithium Ltd is focused on acquiring, exploring and developing lithium projects in South Dakota, Wyoming and Arizona in the United States of America. The company has three project areas, namely the Keystone Project comprising of 255 unpatented lode mining claims, the Tinton West Project comprising the TSD Claim Group of 20 unpatented lode mining claims and the TW Claim Group of 49 unpatented lode mining claims, and the Wickenburg Project comprising of 347 unpatented lode mining claims. The company is also engaged in the Ontario Lithium project.

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