Akazoo (Akazoo) Cash, Cash Equivalents, Marketable Securities : $50.09 Mil (As of Sep. 2019)

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What is Akazoo Cash, Cash Equivalents, Marketable Securities?

Akazoo's quarterly cash, cash equivalents, marketable securities declined from Mar. 2019 ($0.12 Mil) to Jun. 2019 ($0.01 Mil) but then increased from Jun. 2019 ($0.01 Mil) to Sep. 2019 ($50.09 Mil).

Akazoo's annual cash, cash equivalents, marketable securities increased from Mar. 2016 ($0.02 Mil) to Mar. 2017 ($0.03 Mil) and increased from Mar. 2017 ($0.03 Mil) to Mar. 2018 ($0.56 Mil).

Akazoo Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Akazoo'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.

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Akazoo Cash, Cash Equivalents, Marketable Securities Chart

Akazoo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Cash, Cash Equivalents, Marketable Securities

0.03

0.02

0.03

0.56

Akazoo Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										0.38	0.30	0.12	0.01	50.09

Akazoo 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.

Akazoo (NAS:SONG) 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.

Akazoo Cash, Cash Equivalents, Marketable Securities Related Terms

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Akazoo (Akazoo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Akazoo SA (NAS:SONG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Rue de Bitbourg, Luxembourg, LUX, L-1273

Website

https://www.akazoo.com

Akazoo SA operates as a technology company. It offers on-demand music and audio streaming, media and AI technology. The Firm provides its subscribers unlimited online and offline music streaming access to a catalogue of songs on an ad-free basis. The company uses patented AI technology for music recommendations and offers online and offline listening.