X1 Entertainment Group (FRA:QN9) Cash And Cash Equivalents : €0.26 Mil (As of Feb. 2024)

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What is X1 Entertainment Group Cash And Cash Equivalents?

X1 Entertainment Group's quarterly cash and cash equivalents increased from Aug. 2023 (€0.01 Mil) to Nov. 2023 (€0.12 Mil) and increased from Nov. 2023 (€0.12 Mil) to Feb. 2024 (€0.26 Mil).

X1 Entertainment Group's annual cash and cash equivalents increased from . 20 (€0.00 Mil) to Aug. 2022 (€1.24 Mil) but then declined from Aug. 2022 (€1.24 Mil) to Aug. 2023 (€0.01 Mil).

X1 Entertainment Group Cash And Cash Equivalents Historical Data

The historical data trend for X1 Entertainment 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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X1 Entertainment Group Cash And Cash Equivalents Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Cash And Cash Equivalents

1.24

0.01

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.06	0.02	0.01	0.12	0.26

X1 Entertainment 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.

X1 Entertainment Group (FRA:QN9) 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.

X1 Entertainment Group Cash And Cash Equivalents Related Terms

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X1 Entertainment Group (FRA:QN9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (FRA:QN9) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

XONE:Canada

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

X1 Entertainment Group (FRA:QN9) Headlines

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