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McFarlane Lake Mining (NEOE:MLM) Cash, Cash Equivalents, Marketable Securities : C$1.14 Mil (As of Aug. 2024)


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What is McFarlane Lake Mining Cash, Cash Equivalents, Marketable Securities?

McFarlane Lake Mining's quarterly cash, cash equivalents, marketable securities declined from Feb. 2024 (C$1.38 Mil) to May. 2024 (C$0.21 Mil) but then increased from May. 2024 (C$0.21 Mil) to Aug. 2024 (C$1.14 Mil).

McFarlane Lake Mining's annual cash, cash equivalents, marketable securities declined from Aug. 2022 (C$1.60 Mil) to Aug. 2023 (C$0.25 Mil) but then increased from Aug. 2023 (C$0.25 Mil) to Aug. 2024 (C$1.14 Mil).


McFarlane Lake Mining Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for McFarlane Lake Mining'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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McFarlane Lake Mining Cash, Cash Equivalents, Marketable Securities Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23 Aug24
Cash, Cash Equivalents, Marketable Securities
1.60 0.25 1.14

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 3.16 1.38 0.21 1.14

McFarlane Lake Mining 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.


McFarlane Lake Mining  (NEOE:MLM) 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.


McFarlane Lake Mining Cash, Cash Equivalents, Marketable Securities Related Terms

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McFarlane Lake Mining Business Description

Industry
Traded in Other Exchanges
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.
Executives
Mark Steven Trevisiol 10% Security Holder, Director, Senior Officer
Fergus P. Kerr Director