LLLAF (Leo Lithium) Cash, Cash Equivalents, Marketable Securities : $51.52 Mil (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

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

Leo Lithium's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($45.00 Mil) to Dec. 2023 ($22.46 Mil) but then increased from Dec. 2023 ($22.46 Mil) to Jun. 2024 ($51.52 Mil).

Leo Lithium's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($60.55 Mil) to Dec. 2022 ($47.80 Mil) and declined from Dec. 2022 ($47.80 Mil) to Dec. 2023 ($22.46 Mil).

Leo Lithium Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Leo 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.

* Premium members only.

Leo Lithium Cash, Cash Equivalents, Marketable Securities Chart

Leo Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

60.55

47.80

22.46

Leo Lithium Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Cash, Cash Equivalents, Marketable Securities	60.35	47.80	45.00	22.46	51.52

Leo 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.

Leo Lithium (OTCPK:LLLAF) 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.

Leo Lithium Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Leo Lithium's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Leo Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leo Lithium Ltd (OTCPK:LLLAF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ventnor Avenue, Level 2, West Perth, WA, AUS, 6005

Website

https://www.leolithium.com

Leo Lithium Ltd is focused on the development of the Goulamina Lithium Project. The company operates in two segments; The Corporate operation includes the Perth Head Office and Project Team, and The Mali operation includes the development of the Goulamina JV and exploration for minerals.