Lithium Americas (Lithium Americas) Cash, Cash Equivalents, Marketable Securities : $195.52 Mil (As of Dec. 2023)

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

Lithium Americas's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($200.50 Mil) but then stayed the same from Sep. 2023 ($200.50 Mil) to Dec. 2023 ($195.52 Mil).

Lithium Americas's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.93 Mil) to Dec. 2022 ($0.64 Mil) but then increased from Dec. 2022 ($0.64 Mil) to Dec. 2023 ($195.52 Mil).

Lithium Americas Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lithium Americas'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.

* Premium members only.

Lithium Americas Cash, Cash Equivalents, Marketable Securities Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.93

0.64

195.52

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				0.64	383.54	-	200.50	195.52

Lithium Americas 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.

Lithium Americas (NYSE:LAC) 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.

Lithium Americas Cash, Cash Equivalents, Marketable Securities Related Terms

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Lithium Americas (Lithium Americas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (NYSE:LAC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

WUC:Germany WUC:Germany LAC:Canada

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.