LXRandCo (TSX:LXR) Cash, Cash Equivalents, Marketable Securities : C$1.87 Mil (As of Jun. 2023)

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What is LXRandCo Cash, Cash Equivalents, Marketable Securities?

LXRandCo's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (C$2.59 Mil) to Mar. 2023 (C$2.91 Mil) but then stayed the same from Mar. 2023 (C$2.91 Mil) to Jun. 2023 (C$1.87 Mil).

LXRandCo's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (C$7.29 Mil) to Dec. 2021 (C$3.70 Mil) and declined from Dec. 2021 (C$3.70 Mil) to Dec. 2022 (C$2.59 Mil).

LXRandCo Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for LXRandCo'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.

LXRandCo Cash, Cash Equivalents, Marketable Securities Chart

LXRandCo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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2.32

3.50

7.29

3.70

2.59

LXRandCo Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.88	2.01	2.59	2.91	1.87

LXRandCo 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.

LXRandCo (TSX:LXR) 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.

LXRandCo Cash, Cash Equivalents, Marketable Securities Related Terms

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LXRandCo (TSX:LXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LXRandCo Inc (TSX:LXR) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

7399 Boulevard, Saint-Laurent, Montreal, QC, CAN, H2R 2W5

Website

https://www.lxrco.com

LXRandCo Inc is a socially responsible, digital-first omnichannel retailer of authenticated pre-owned luxury handbags and personal accessories. It provides consumers with authenticated branded luxury products by promoting their reuse and by providing an environmentally responsible way for consumers to purchase luxury products. The operating segment includes sales from two primary distribution channels: the Company's e-commerce activities, which comprise its website and partner websites, and retail channels, which include its own stores and wholesale partner retail stores.

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