Amergent Hospitality Group (Amergent Hospitality Group) Cash And Cash Equivalents : $0.38 Mil (As of Dec. 2022)

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What is Amergent Hospitality Group Cash And Cash Equivalents?

Amergent Hospitality Group's quarterly cash and cash equivalents declined from Jun. 2022 ($0.97 Mil) to Sep. 2022 ($0.70 Mil) but then stayed the same from Sep. 2022 ($0.70 Mil) to Dec. 2022 ($0.38 Mil).

Amergent Hospitality Group's annual cash and cash equivalents declined from Dec. 2020 ($0.68 Mil) to Dec. 2021 ($0.65 Mil) and declined from Dec. 2021 ($0.65 Mil) to Dec. 2022 ($0.38 Mil).

Amergent Hospitality Group Cash And Cash Equivalents Historical Data

The historical data trend for Amergent Hospitality 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.

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Amergent Hospitality Group Cash And Cash Equivalents Chart

Amergent Hospitality Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.50

0.68

0.65

0.38

Amergent Hospitality Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.65	2.53	0.97	0.70	0.38

Amergent Hospitality Group 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.

Amergent Hospitality Group (OTCPK:AMHG) 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.

Amergent Hospitality Group Cash And Cash Equivalents Related Terms

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Amergent Hospitality Group (Amergent Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Amergent Hospitality Group Inc (OTCPK:AMHG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

7529 Red Oak Lane, Charlotte, NC, USA, 28226

Website

https://www.amergenthg.com

Amergent Hospitality Group Inc owns, operates, and franchises restaurant brands. It generates the majority of its revenue from Restaurant sales, followed by Gaming and Franchise income. The company operates only in the United States.

Executives

Mark Anthony Whittle	officer: INTERIM PRESIDENT	1481 N HWY 113, CARROLLTON GA 30117
Michael D Pruitt	director, officer: CHIEF EXECUTIVE OFFICER	11220 ELM LANE, SUITE 203, CHARLOTTE NC 28277
Frederick L Glick	director, officer: PRESIDENT	7621 LITTLE AVE STE 414, CHARLOTTE NC 28226
Stephen J Hoelscher	officer: CFO	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Robert Sumner Hersch	10 percent owner	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Mv Amanth Llc	10 percent owner	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701-3516
Oz Rey Llc	10 percent owner	918 CONGRESS AVENUE, SUITE 100, AUSTIN TX 78701
Keith J Johnson	director	56 REDBAY ROAD, ELGIN SC 29045
J Eric Wagoner	director	C/O ALLIANCE BANKSHARES CORPORATION, 14200 PARK MEADOW DRIVE, SUITE 200 SOUTH, CHANTILLY VA 20151
Neil G Kiefer	director	7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Patrick Clay Harkleroad	officer: CHIEF FINANCIAL OFFICER	7621 LITTLE AVE, SUITE 414, CHARLOTTE NC 28226