E3 Lithium (TSXV:ETL) Cash per Share : C$0.38 (As of Mar. 2024)

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What is E3 Lithium Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). E3 Lithium's Cash per Share for the quarter that ended in Mar. 2024 was C$0.38.

E3 Lithium Cash per Share Historical Data

The historical data trend for E3 Lithium's Cash per Share 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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E3 Lithium Cash per Share Chart

E3 Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash per Share

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0.01

0.16

0.31

0.21

0.40

E3 Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash per Share	Get a 7-Day Free Trial															0.19	0.27	0.48	0.40	0.38

E3 Lithium Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

E3 Lithium's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	30.018	/	75.07
	=	0.40

E3 Lithium's Cash per Share for the quarter that ended in Mar. 2024 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	28.205	/	75.27
	=	0.37

E3 Lithium (TSXV:ETL) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

E3 Lithium Cash per Share Related Terms

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E3 Lithium (TSXV:ETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E3 Lithium Ltd (TSXV:ETL) » Definitions » Cash per Share

Comparable Companies

Traded in Other Exchanges

EEMMF:USA OW3:Germany

Address

300 - 5th Avenue SW, Suite 1520, Calgary, AB, CAN, T2P 3C4

Website

https://www.e3lithium.ca

E3 Lithium Ltd is a resource company with mineral properties in Alberta that is currently focused on technology development for lithium extraction from Alberta brines. It is engaged in the exploration of Clearwater and covering the Leduc Reservoir in south-central Alberta. The company's properties can be further sub-divided into five separate sub-properties namely Clearwater Sub-Property, Exshaw Sub-Property, Rocky Sub-Property, Sunbreaker Sub-Property and Drumheller Sub-Property.

Executives

John Pantazopoulos	Director
Christopher Doornbos	Director
Michael O'hara	Director

E3 Lithium (TSXV:ETL) Headlines

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