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The Glimpse Group's quarterly cash and cash equivalents increased from Sep. 2023 ($3.93 Mil) to Dec. 2023 ($5.22 Mil) but then stayed the same from Dec. 2023 ($5.22 Mil) to Mar. 2024 ($4.29 Mil).
The Glimpse Group's annual cash and cash equivalents increased from Jun. 2021 ($1.77 Mil) to Jun. 2022 ($16.25 Mil) but then declined from Jun. 2022 ($16.25 Mil) to Jun. 2023 ($5.62 Mil).
The historical data trend for The Glimpse Group'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.
The Glimpse Group Annual Data | |||||||||||
Trend | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | ||||||
Cash And Cash Equivalents | 1.20 | 1.04 | 1.77 | 16.25 | 5.62 |
The Glimpse Group Quarterly Data | ||||||||||||||||||
Jun19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 6.05 | 5.62 | 3.93 | 5.22 | 4.29 |
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.
The Glimpse Group (NAS:VRAR) 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.
Thank you for viewing the detailed overview of The Glimpse Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Lemuel Amen | director | 15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018 |
Tyler Gates | officer: Chief Futurist Officer | 4154 36TH STREET, ARLINGTON VA 22206 |
Alexander Ruckdaeschel | director | 123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028 |
Jeffrey Ralph Meisner | director, officer: Chief Revenue Officer | 401 PALLADIAN BLVD., SOUTHLAKE TX 76092 |
Lyron L Bentovim | director, 10 percent owner, officer: President & CEO | 60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021 |
Maydan Rothblum | director, officer: Chief Financial Officer & COO | 19655 DESCARTES, FOOTHILL RANCH CA 92610 |
Jeffrey D. Enslin | director | 15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018 |
Ian Morgan Charles | director | 35 ANTILLES WAY, TIBURON CA 94920 |
David John Smith | director, 10 percent owner, officer: Chief Creative Officer | 15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018 |
Sharon T Rowlands | director | 195 BROADWAY, NEW YORK NY 10007 |
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