Lumine Group (TSXV:LMN) Cash And Cash Equivalents : C$351.7 Mil (As of Mar. 2024)

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What is Lumine Group Cash And Cash Equivalents?

Lumine Group's quarterly cash and cash equivalents increased from Sep. 2023 (C$190.98 Mil) to Dec. 2023 (C$196.56 Mil) and increased from Dec. 2023 (C$196.56 Mil) to Mar. 2024 (C$351.65 Mil).

Lumine Group's annual cash and cash equivalents increased from Dec. 2021 (C$34.70 Mil) to Dec. 2022 (C$91.14 Mil) and increased from Dec. 2022 (C$91.14 Mil) to Dec. 2023 (C$196.56 Mil).

Lumine Group Cash And Cash Equivalents Historical Data

The historical data trend for Lumine Group's Cash And Cash Equivalents 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.

Lumine Group Cash And Cash Equivalents Chart

Lumine Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

34.70

91.14

196.56

Lumine Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial					204.54	207.13	190.98	196.56	351.65

Lumine Group Cash And Cash Equivalents 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.

Lumine Group (TSXV:LMN) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Lumine Group Cash And Cash Equivalents Related Terms

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Lumine Group (TSXV:LMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lumine Group Inc (TSXV:LMN) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

LMGIF:USA

Address

5060 Spectrum Way, Suite 100, Mississauga, ON, CAN, L4W 5N5

Website

https://www.luminegroup.com

Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.

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