Mount Logan Capital (NEOE:MLC) Cash, Cash Equivalents, Marketable Securities : C$288.2 Mil (As of Sep. 2024)

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What is Mount Logan Capital Cash, Cash Equivalents, Marketable Securities?

Mount Logan Capital's quarterly cash, cash equivalents, marketable securities increased from Mar. 2024 (C$234.96 Mil) to Jun. 2024 (C$274.18 Mil) and increased from Jun. 2024 (C$274.18 Mil) to Sep. 2024 (C$288.18 Mil).

Mount Logan Capital's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (C$56.53 Mil) to Dec. 2022 (C$232.84 Mil) and increased from Dec. 2022 (C$232.84 Mil) to Dec. 2023 (C$267.74 Mil).

Mount Logan Capital Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Mount Logan Capital'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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Mount Logan Capital Cash, Cash Equivalents, Marketable Securities Chart

Mount Logan Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.56

8.53

56.53

232.84

267.74

Mount Logan Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															286.09	267.74	234.96	274.18	288.18

Mount Logan Capital 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.

Mount Logan Capital (NEOE:MLC) 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.

Mount Logan Capital Cash, Cash Equivalents, Marketable Securities Related Terms

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Mount Logan Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mount Logan Capital Inc (NEOE:MLC) » Definitions » Cash, Cash Equivalents, Marketable Securities

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PYCFF:USA

Address

650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022

Website

https://www.mountlogancapital.ca

Mount Logan Capital Inc operates as emerging asset management and investment firm primarily focused on investing in public and private debt securities in the North American market. The Company's reporting segments include asset management and insurance. The asset management segment reflects the Company's historical operations through its subsidiaries, including ML Management, and the insurance segment represents Ability's operations. The Company through its subsidiaries, earns management and incentive fees and servicing fees for providing investment management, monitoring and other services to investment vehicles and advisers. The insurance business is operated by Ability. Ability's insurance business consists of premium revenue from long term care insurance policies.

Executives

Perry Nicholas Dellelce	Director
R. Rudolph Reinfrank	Director
Edward Goldthorpe	Director, Senior Officer
James Radford Small	Director
David Dean Guebert	Senior Officer
Matthias Ederer	Senior Officer
Henry Han-wei Wang	Senior Officer

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