Real Luck Group (TSXV:LUCK) Cash And Cash Equivalents : C$0.19 Mil (As of Sep. 2023)

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What is Real Luck Group Cash And Cash Equivalents?

Real Luck Group's quarterly cash and cash equivalents declined from Dec. 2022 (C$6.07 Mil) to Mar. 2023 (C$2.84 Mil) but then stayed the same from Mar. 2023 (C$2.84 Mil) to Sep. 2023 (C$0.19 Mil).

Real Luck Group's annual cash and cash equivalents increased from Dec. 2020 (C$3.84 Mil) to Dec. 2021 (C$14.40 Mil) but then declined from Dec. 2021 (C$14.40 Mil) to Dec. 2022 (C$6.07 Mil).

Real Luck Group Cash And Cash Equivalents Historical Data

The historical data trend for Real Luck 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.

* Premium members only.

Real Luck Group Cash And Cash Equivalents Chart

Real Luck Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

2.02

3.84

14.40

6.07

Real Luck Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial										10.55	8.85	6.07	2.84	0.19

Real Luck 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.

Real Luck Group (TSXV:LUCK) 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.

Real Luck Group Cash And Cash Equivalents Related Terms

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Real Luck Group (TSXV:LUCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Real Luck Group Ltd (TSXV:LUCK) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

LUKEF:USA

Address

350 7th Avenue SW, Suite 3400, Calgary, AB, CAN, T2P 3N9

Website

https://www.realluckgroup.com

Real Luck Group Ltd is a betting company that offers legal, real-money betting, live streams, and statistics on all esports and sports on desktop and mobile devices. The company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the company offers an extensive range of betting options for esports tournaments and an in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the company to deliver deep esports betting coverage.

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