Live Energy Minerals (XCNQ:LIVE) Cash, Cash Equivalents, Marketable Securities : C$0.34 Mil (As of Jan. 2024)

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What is Live Energy Minerals Cash, Cash Equivalents, Marketable Securities?

Live Energy Minerals's quarterly cash, cash equivalents, marketable securities increased from Jul. 2023 (C$0.19 Mil) to Oct. 2023 (C$0.38 Mil) but then stayed the same from Oct. 2023 (C$0.38 Mil) to Jan. 2024 (C$0.34 Mil).

Live Energy Minerals's annual cash, cash equivalents, marketable securities declined from Oct. 2021 (C$0.59 Mil) to Oct. 2022 (C$0.35 Mil) but then increased from Oct. 2022 (C$0.35 Mil) to Oct. 2023 (C$0.38 Mil).

Live Energy Minerals Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Live Energy Minerals'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.

Live Energy Minerals Cash, Cash Equivalents, Marketable Securities Chart

Live Energy Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Cash, Cash Equivalents, Marketable Securities

0.59

0.35

0.38

Live Energy Minerals Quarterly Data
	Apr21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						-	0.25	0.19	0.38	0.34

Live Energy Minerals 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.

Live Energy Minerals (XCNQ:LIVE) 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.

Live Energy Minerals Cash, Cash Equivalents, Marketable Securities Related Terms

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Live Energy Minerals (XCNQ:LIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Live Energy Minerals Corp (XCNQ:LIVE) » Definitions » Cash, Cash Equivalents, Marketable Securities

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GTREF:USA

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.liveenergyminerals.com

Live Energy Minerals Corp is an exploration of resource properties. It holds interests in the Skygold Project located in the Cariboo Placer Region in British Columbia and also has the McDermitt Lithium Property. The company has one business segment the exploration of resource properties, in two geographic locations Canada and the United States.