Rivalry (Rivalry) Cash And Cash Equivalents : $2.76 Mil (As of Sep. 2023)

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What is Rivalry Cash And Cash Equivalents?

Rivalry's quarterly cash and cash equivalents increased from Mar. 2023 ($6.24 Mil) to Jun. 2023 ($6.79 Mil) but then stayed the same from Jun. 2023 ($6.79 Mil) to Sep. 2023 ($2.76 Mil).

Rivalry's annual cash and cash equivalents increased from Dec. 2020 ($0.48 Mil) to Dec. 2021 ($27.70 Mil) but then declined from Dec. 2021 ($27.70 Mil) to Dec. 2022 ($8.98 Mil).

Rivalry Cash And Cash Equivalents Historical Data

The historical data trend for Rivalry'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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Rivalry Cash And Cash Equivalents Chart

Rivalry Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.48

27.70

8.98

Rivalry Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial								14.22	8.98	6.24	6.79	2.76

Rivalry 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.

Rivalry (OTCPK:RVLCF) 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.

Rivalry Cash And Cash Equivalents Related Terms

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Rivalry (Rivalry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rivalry Corp (OTCPK:RVLCF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

RVLY:Canada

Address

116 Spadina Avenue, Suite 701, Toronto, ON, CAN, M5V 2K6

Website

https://www.rivalry.com

Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. Sportsbook generates revenues from esports and traditional sports betting. Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.