GRAVITY Co (GRAVITY Co) Cash And Cash Equivalents

: $155.3 Mil (As of Sep. 2023)

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GRAVITY Co's quarterly cash and cash equivalents increased from Mar. 2023 ($136.23 Mil) to Jun. 2023 ($144.33 Mil) and increased from Jun. 2023 ($144.33 Mil) to Sep. 2023 ($155.31 Mil).

GRAVITY Co's annual cash and cash equivalents increased from Dec. 2021 ($83.71 Mil) to Dec. 2022 ($131.33 Mil) and increased from Dec. 2022 ($131.33 Mil) to Dec. 2023 ($141.12 Mil).

GRAVITY Co Cash And Cash Equivalents Historical Data

The historical data trend for GRAVITY Co'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.

GRAVITY Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

67.62

101.15

83.71

131.33

141.12

GRAVITY Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																131.33	136.23	144.33	155.31	141.12

GRAVITY Co 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.

GRAVITY Co (NAS:GRVY) 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.

GRAVITY Co Cash And Cash Equivalents Related Terms

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GRAVITY Co (GRAVITY Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GRAVITY Co Ltd (NAS:GRVY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GD8A:Germany

Address

15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925

Website

https://www.gravity.co.kr

GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. Its principal product, Ragnarok Online, is an online game which is available in more than 91 markets. Its games include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation.