Destiny Media Technologies (Destiny Media Technologies) Cash, Cash Equivalents, Marketable Securities : $1.54 Mil (As of Feb. 2024)

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What is Destiny Media Technologies Cash, Cash Equivalents, Marketable Securities?

Destiny Media Technologies's quarterly cash, cash equivalents, marketable securities declined from Aug. 2023 ($2.00 Mil) to Nov. 2023 ($1.83 Mil) but then stayed the same from Nov. 2023 ($1.83 Mil) to Feb. 2024 ($1.54 Mil).

Destiny Media Technologies's annual cash, cash equivalents, marketable securities declined from Aug. 2021 ($2.75 Mil) to Aug. 2022 ($2.10 Mil) and declined from Aug. 2022 ($2.10 Mil) to Aug. 2023 ($2.00 Mil).

Destiny Media Technologies Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Destiny Media Technologies'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.

Destiny Media Technologies Cash, Cash Equivalents, Marketable Securities Chart

Destiny Media Technologies Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash, Cash Equivalents, Marketable Securities

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2.89

2.62

2.75

2.10

2.00

Destiny Media Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.97	1.83	2.00	1.83	1.54

Destiny Media Technologies 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.

Destiny Media Technologies (OTCPK:DSNY) 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.

Destiny Media Technologies Cash, Cash Equivalents, Marketable Securities Related Terms

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Destiny Media Technologies (Destiny Media Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (OTCPK:DSNY) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

DME1:Germany DSY:Canada

Address

428 - 1575 West Georgia Street, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers around the globe.

Executives

Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503
Olya Massalitina	officer: Chief Financial Officer	1911 - 271 FRANCIS WAY, NEW WESTMINSTER A1 V3L 0H2
David M. Mossberg	director	1905 HAY MEADOW COURT, SOUTHLAKE TX 76092
Hyonmyong Cho	director	961 PASEO DEL SUR, SANTA FE NM 87501
Fred Vandenberg	officer: Chief Financial Officer	800-570 GRANVILLE STREET, VANCOUVER A1 V6C 3P1
Samuel Ritchie	officer: CFO	24414 113 AVE, MAPLE RIDGE A1 V2W0H4
David Alexander Summers	director	C/O DESTINY MEDIA TECHNOLOGIES INC., 1110 - 885 W. GEORGIA STREET, VANCOUVER A1 V6C 3E8
Steve Vestergaard	director, 10 percent owner, officer: Chief Executive Officer	650 350 CENTRE ROAD, LIONS BAY A1 V0N 2E0
Sandra Boenisch	officer: CFO	51 WEST 52ND STREET, 7TH FLOOR, NEW YORK NY 10019
Samuel Jay Graber	director	3139 CLEARFIELD DRIVE, SAN ANTONIO TX 78230
Haig S Bagerdjian	director	2777 NORTH ONTARIO ST, BURBANK CA 91504
Dale Borland	officer: VP and COO of Subsidiary	SUITE 750, 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N7
Edward Kolic	director
Yoshitaro Kumagai	director	5255 STEVENS CREEK BLVD., #284, SANTA CLARA CA 95051
Lawrence Jeffrey Langs	director	134 LA ESPIRAL ROAD, ORINDA CA 94563