VIP Entertainment Technologies (TSXV:VIP) Cash And Cash Equivalents : C$0.01 Mil (As of Dec. 2023)

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What is VIP Entertainment Technologies Cash And Cash Equivalents?

VIP Entertainment Technologies's quarterly cash and cash equivalents increased from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil) and increased from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.01 Mil).

VIP Entertainment Technologies's annual cash and cash equivalents declined from Mar. 2021 (C$0.29 Mil) to Mar. 2022 (C$0.20 Mil) and declined from Mar. 2022 (C$0.20 Mil) to Dec. 2023 (C$0.01 Mil).

VIP Entertainment Technologies Cash And Cash Equivalents Historical Data

The historical data trend for VIP Entertainment Technologies'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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VIP Entertainment Technologies Cash And Cash Equivalents Chart

VIP Entertainment Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Cash And Cash Equivalents

0.32

0.29

0.20

0.01

VIP Entertainment Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.07	-	-	-	0.01

VIP Entertainment Technologies 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.

VIP Entertainment Technologies (TSXV:VIP) 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.

VIP Entertainment Technologies Cash And Cash Equivalents Related Terms

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VIP Entertainment Technologies (TSXV:VIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (TSXV:VIP) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

VETIF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.vipentertaingroup.com

VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.

Executives

Jennings Theresa

10% Security Holder

VIP Entertainment Technologies (TSXV:VIP) Headlines

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