Audioboom Group (LSE:BOOM) Cash And Cash Equivalents : £4.20 Mil (As of Jun. 2023)

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What is Audioboom Group Cash And Cash Equivalents?

Audioboom Group's quarterly cash and cash equivalents increased from Jun. 2022 (£4.69 Mil) to Dec. 2022 (£6.62 Mil) but then stayed the same from Dec. 2022 (£6.62 Mil) to Jun. 2023 (£4.20 Mil).

Audioboom Group's annual cash and cash equivalents increased from Dec. 2021 (£2.23 Mil) to Dec. 2022 (£6.62 Mil) but then declined from Dec. 2022 (£6.62 Mil) to Dec. 2023 (£2.94 Mil).

Audioboom Group Cash And Cash Equivalents Historical Data

The historical data trend for Audioboom 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.

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Audioboom Group Cash And Cash Equivalents Chart

Audioboom Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.52

2.42

2.23

6.62

2.94

Audioboom Group Semi-Annual Data
	Mar12	May13	Nov13	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.23	4.69	6.62	4.20	2.94

Audioboom 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.

Audioboom Group (LSE:BOOM) 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.

Audioboom Group Cash And Cash Equivalents Related Terms

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Audioboom Group (LSE:BOOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Audioboom Group PLC (LSE:BOOM) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.audioboomplc.com

Audioboom Group PLC is a podcast company that operates spoken-word audio platforms and a digital online marketplace for hosting, distributing, and monetizing content. It works with broadcasters, content creators, and podcasters around the world. The company has operational footprints across the United Kingdom, the Rest of the World, and the USA. The company's hosting and distribution platform allows partners to embed, share via social channels, and re-syndicate their content.