Mobile Global Esports (Mobile Global Esports) Cash And Cash Equivalents : $3.18 Mil (As of Dec. 2023)

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What is Mobile Global Esports Cash And Cash Equivalents?

Mobile Global Esports's quarterly cash and cash equivalents declined from Jun. 2023 ($6.06 Mil) to Sep. 2023 ($4.51 Mil) but then stayed the same from Sep. 2023 ($4.51 Mil) to Dec. 2023 ($3.18 Mil).

Mobile Global Esports's annual cash and cash equivalents increased from Dec. 2021 ($0.24 Mil) to Dec. 2022 ($7.54 Mil) but then declined from Dec. 2022 ($7.54 Mil) to Dec. 2023 ($3.18 Mil).

Mobile Global Esports Cash And Cash Equivalents Historical Data

The historical data trend for Mobile Global Esports'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.

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Mobile Global Esports Cash And Cash Equivalents Chart

Mobile Global Esports Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.24

7.54

3.18

Mobile Global Esports Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial						7.54	6.77	6.06	4.51	3.18

Mobile Global Esports 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.

Mobile Global Esports (OTCPK:MGAM) 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.

Mobile Global Esports Cash And Cash Equivalents Related Terms

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Mobile Global Esports (Mobile Global Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Mobile Global Esports Inc (OTCPK:MGAM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Post Road East, Westport, CT, USA, 06880

Website

https://www.mogoesports.com

Mobile Global Esports Inc develops and commercializes international esports, beginning with university esports events in India. It is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia.

Executives

David Randall Pross	officer: CEO	73 BLUE SPRUCE CIRCLE, WESTON CT 06883
James Knopf	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Marco Welch	director, officer: Chairman of the board	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Jay P. Madan	director	8480 HONEYCUTT RD, SUITE 200, RALEIGH NC 27615
Sports Industry Of India, Inc.	10 percent owner	616 S. EL CAMINO REAL, STE. H, SAN CLEMENTE CA 92672
Alexander Alexandrov	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 02883
Kiki V Benson	officer: CFO	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06880
Willy Verhaegen	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883