Leading Edge Materials (TSXV:LEM) Cash, Cash Equivalents, Marketable Securities : C$2.21 Mil (As of Jan. 2024)

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What is Leading Edge Materials Cash, Cash Equivalents, Marketable Securities?

Leading Edge Materials's quarterly cash, cash equivalents, marketable securities increased from Jul. 2023 (C$0.84 Mil) to Oct. 2023 (C$2.58 Mil) but then stayed the same from Oct. 2023 (C$2.58 Mil) to Jan. 2024 (C$2.21 Mil).

Leading Edge Materials's annual cash, cash equivalents, marketable securities declined from Oct. 2021 (C$2.30 Mil) to Oct. 2022 (C$1.35 Mil) but then increased from Oct. 2022 (C$1.35 Mil) to Oct. 2023 (C$2.58 Mil).

Leading Edge Materials Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Leading Edge Materials'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.

Leading Edge Materials Cash, Cash Equivalents, Marketable Securities Chart

Leading Edge Materials Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash, Cash Equivalents, Marketable Securities

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0.40

3.44

2.30

1.35

2.58

Leading Edge Materials Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.09	1.32	0.84	2.58	2.21

Leading Edge Materials 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.

Leading Edge Materials (TSXV:LEM) 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.

Leading Edge Materials Cash, Cash Equivalents, Marketable Securities Related Terms

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Leading Edge Materials (TSXV:LEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leading Edge Materials Corp (TSXV:LEM) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

LEMIF:USA LEMSE:Sweden 7FL:Germany

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.leadingedgematerials.com

Leading Edge Materials Corp is a Canada based exploration company. It is involved in the exploration and development of resource properties in Sweden and Finland with corporate operations in Canada. The company is focused on the supply of the materials needed for the generation, storage, and preservation of low carbon energy. The properties owned by the company are Woxna Graphite Mine located in central Sweden, and Norra Karr Mine, a rare earth element resource, located in south-central Sweden, and Bergby project.

Executives

Lars-eric Johansson

Director

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