KeyStar (KeyStar) Cash And Cash Equivalents : $0.14 Mil (As of Mar. 2024)

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What is KeyStar Cash And Cash Equivalents?

KeyStar's quarterly cash and cash equivalents declined from Sep. 2023 ($0.11 Mil) to Dec. 2023 ($0.03 Mil) but then increased from Dec. 2023 ($0.03 Mil) to Mar. 2024 ($0.14 Mil).

KeyStar's annual cash and cash equivalents declined from Jun. 2021 ($0.09 Mil) to Jun. 2022 ($0.07 Mil) but then increased from Jun. 2022 ($0.07 Mil) to Jun. 2023 ($0.36 Mil).

KeyStar Cash And Cash Equivalents Historical Data

The historical data trend for KeyStar'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.

KeyStar Cash And Cash Equivalents Chart

KeyStar Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.04

0.09

0.07

0.36

KeyStar Quarterly Data
	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											0.79	0.36	0.11	0.03	0.14

KeyStar 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.

KeyStar (OTCPK:KEYR) 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.

KeyStar Cash And Cash Equivalents Related Terms

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KeyStar (KeyStar) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 800, Miami, FL, USA, 33130

Website

https://keystarcorp.com

KeyStar Corp owns and operates ZenSports, a mobile gaming platform for consumers that offers a traditional sports book, peer-to-peer sports betting, and wagering in fiat and cryptocurrencies.

Executives

Zensports, Inc.	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Mark Anthony Thomas	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Zixiao Chen	director, 10 percent owner, officer: CFO and Treasurer	4616 W. SAHARA AVE., SUITE 256, LAS VEGAS NV 89103
Steven J Lane	director, 10 percent owner, officer: President and CEO	9620 LAS VEGAS BLVD. S, STE E4-98, LAS VEGAS NV 89123

KeyStar (KeyStar) Headlines

From GuruFocus

KeyStar Corp. Closes $2.9M+ Round of Funding

By ACCESSWIRE ACCESSWIRE • 05-11-2023

ZenSports Launches Sports Betting App in Tennessee

By ACCESSWIRE ACCESSWIRE • 06-08-2023

KeyStar Corp. Opens New Round of Funding

By ACCESSWIRE • 07-24-2023

KeyStar Corp. CEO Mark Thomas to Move Into Consulting Role; Bruce Cassidy Becomes Interim CEO

By ACCESSWIRE • 10-31-2023

KeyStar Corp. Receives Tennessee Sports Betting License

By ACCESSWIRE ACCESSWIRE • 05-25-2023