BlueBet Holdings (ASX:BBT) Cash And Cash Equivalents : A$8.57 Mil (As of Dec. 2023)

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What is BlueBet Holdings Cash And Cash Equivalents?

BlueBet Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (A$32.16 Mil) to Jun. 2023 (A$22.70 Mil) but then stayed the same from Jun. 2023 (A$22.70 Mil) to Dec. 2023 (A$8.57 Mil).

BlueBet Holdings's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$47.27 Mil) but then declined from Jun. 2022 (A$47.27 Mil) to Jun. 2023 (A$22.70 Mil).

BlueBet Holdings Cash And Cash Equivalents Historical Data

The historical data trend for BlueBet Holdings'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.

* Premium members only.

BlueBet Holdings Cash And Cash Equivalents Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

47.27

22.70

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			55.38	47.27	32.16	22.70	8.57

BlueBet Holdings 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.

BlueBet Holdings (ASX:BBT) 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.

BlueBet Holdings Cash And Cash Equivalents Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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