LANRF (Lancaster resources) Cash, Cash Equivalents, Marketable Securities : $0.04 Mil (As of Dec. 2024)

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What is Lancaster resources Cash, Cash Equivalents, Marketable Securities?

Lancaster resources's quarterly cash, cash equivalents, marketable securities declined from Jun. 2024 ($0.11 Mil) to Sep. 2024 ($0.04 Mil) but then increased from Sep. 2024 ($0.04 Mil) to Dec. 2024 ($0.04 Mil).

Lancaster resources's annual cash, cash equivalents, marketable securities increased from Nov. 2022 ($0.05 Mil) to Mar. 2023 ($0.45 Mil) but then declined from Mar. 2023 ($0.45 Mil) to Mar. 2024 ($0.10 Mil).

Lancaster resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lancaster resources'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.

Lancaster resources Cash, Cash Equivalents, Marketable Securities Chart

Lancaster resources Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

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0.77

0.05

0.45

0.10

Lancaster resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.16	0.10	0.11	0.04	0.04

Lancaster resources 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.

Lancaster resources (OTCPK:LANRF) 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.

Lancaster resources Cash, Cash Equivalents, Marketable Securities Related Terms

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Lancaster resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lancaster resources Inc (OTCPK:LANRF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

6UF0:Germany LCR:Canada

Address

2569 Marine Drive, Vancouver, BC, CAN, V7V 1L5

Website

https://www.lancaster-resources.com

Lancaster resources Inc is engaged in exploring energy transition metals, particularly lithium, to take advantage of the shifts toward decarbonization and electrification. Its goal is to identify, acquire, explore, and develop high-quality mineral-rich properties, integrating sustainable energy sources and technologies for climate-positive resource production. The company holds exclusive rights to acquire a 100% interest in the Alkali Flat lithium brine project situated in Lordsburg, New Mexico, USA.