Good Gamer Entertainment (TSXV:GOOD) Cash And Cash Equivalents : C$0.19 Mil (As of Dec. 2023)

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What is Good Gamer Entertainment Cash And Cash Equivalents?

Good Gamer Entertainment's quarterly cash and cash equivalents declined from Mar. 2023 (C$0.50 Mil) to Sep. 2023 (C$0.24 Mil) but then stayed the same from Sep. 2023 (C$0.24 Mil) to Dec. 2023 (C$0.19 Mil).

Good Gamer Entertainment's annual cash and cash equivalents declined from Dec. 2021 (C$2.27 Mil) to Mar. 2022 (C$1.58 Mil) and declined from Mar. 2022 (C$1.58 Mil) to Mar. 2023 (C$0.50 Mil).

Good Gamer Entertainment Cash And Cash Equivalents Historical Data

The historical data trend for Good Gamer Entertainment'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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Good Gamer Entertainment Cash And Cash Equivalents Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Cash And Cash Equivalents

0.80

2.27

1.58

0.50

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.94	0.76	0.50	0.24	0.19

Good Gamer Entertainment 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.

Good Gamer Entertainment (TSXV:GOOD) 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.

Good Gamer Entertainment Cash And Cash Equivalents Related Terms

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Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.