Royal Wins (Royal Wins) Cash And Cash Equivalents : $0.00 Mil (As of Jun. 2022)

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What is Royal Wins Cash And Cash Equivalents?

Royal Wins's quarterly cash and cash equivalents declined from Dec. 2021 ($0.91 Mil) to Mar. 2022 ($0.07 Mil) but then stayed the same from Mar. 2022 ($0.07 Mil) to Jun. 2022 ($0.00 Mil).

Royal Wins's annual cash and cash equivalents declined from Dec. 2020 ($0.46 Mil) to Jun. 2021 ($0.41 Mil) and declined from Jun. 2021 ($0.41 Mil) to Jun. 2022 ($0.00 Mil).

Royal Wins Cash And Cash Equivalents Historical Data

The historical data trend for Royal Wins'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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Royal Wins Cash And Cash Equivalents Chart

Royal Wins Annual Data

Trend

Dec19

Dec20

Jun21

Jun22

Cash And Cash Equivalents

0.46

0.41

Royal Wins Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.41	1.78	0.91	0.07	-

Royal Wins 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.

Royal Wins (OTCPK:RYWCF) 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.

Royal Wins Cash And Cash Equivalents Related Terms

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Royal Wins (Royal Wins) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H2Y4

Website

https://www.royalwins.com

Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.

Royal Wins (Royal Wins) Headlines

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