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Believe (XPAR:BLV) Cash And Cash Equivalents : €210.2 Mil (As of Jun. 2023)


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What is Believe Cash And Cash Equivalents?

Believe's quarterly cash and cash equivalents increased from Jun. 2022 (€263.36 Mil) to Dec. 2022 (€303.35 Mil) but then stayed the same from Dec. 2022 (€303.35 Mil) to Jun. 2023 (€210.20 Mil).

Believe's annual cash and cash equivalents increased from Dec. 2020 (€152.33 Mil) to Dec. 2021 (€262.71 Mil) and increased from Dec. 2021 (€262.71 Mil) to Dec. 2022 (€303.35 Mil).

Believe Cash And Cash Equivalents Historical Data

The historical data trend for Believe'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.

Believe Cash And Cash Equivalents Chart

Believe Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial 161.68 152.33 262.71 303.35 -

Believe Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only 262.71 263.36 303.35 210.20 -

Believe 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.

Believe  (XPAR:BLV) 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.

Believe Cash And Cash Equivalents Related Terms

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Believe (XPAR:BLV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Believe SA (XPAR:BLV) » Definitions » Cash And Cash Equivalents
Comparable Companies
XPAR:GAM XPAR:DEEZR XPAR:ALECP XPAR:VANTI XPAR:TCHCS XPAR:XIL NFLX DIS XAMS:UMG WBD LYV SIRI WMG XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA
Traded in Other Exchanges
8T6:Germany
Address
24 rue Toulouse Lautrec, Paris, FRA, 75017
Website
https://www.believemusic.com
Believe SA specializes in the sale and promotion of audio and video content from artists and independent labels. The Company has identified two operating segments which is Premium Solutions and Automated Solutions. Premium solutions this consists mainly of the sale, promotion and delivery of digital content provided by artists and labels for which the Group is responsible for developing their catalog on digital platforms and social media, as appropriate, using a split revenue model. Automated Solutions whereby the Group enablesartists, via its TuneCore digital platform, to distribute their audio content in an automated manner to streaming and social media platforms in return for a subscription fee or margin. The company generated majority of its revenue from Premium Solutions.

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