Here's Why We're A Bit Worried About Lithium Americas' (TSE:LAC) Cash Burn Situation [Yahoo! Finance]
Lithium Americas Corp. Common Shares (LAC)
Last lithium americas corp. common shares earnings: 11/12 07:00 am
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Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So, the natural question for Lithium Americas (TSE:LAC) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let's start with an examination of the business' cash, relative to its cash burn. Check out our latest analysis for Lithium Americas When Might Lithium Americas Run Out Of Money? A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Lithium Americas last reported its December 2023 balance sheet in March 2024, it had zero debt and cash worth US$196m. Looking at the last year, the company burnt th
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News
- Lithium Americas Corp. (LAC) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Corp. (LAC) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Closes US$275 Million Underwritten Public Offering [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Closes US$275 Million Underwritten Public OfferingGlobeNewswire
- While institutions own 17% of Lithium Americas (Argentina) Corp. (TSE:LAAC), individual investors are its largest shareholders with 47% ownership [Yahoo! Finance]Yahoo! Finance
LAC
Earnings
- 8/9/23 - Beat
LAC
Sec Filings
- 4/25/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/19/24 - Form 6-K
- LAC's page on the SEC website