Guild Esports (LSE:GILD) Cash And Cash Equivalents : £0.46 Mil (As of Sep. 2023)

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What is Guild Esports Cash And Cash Equivalents?

Guild Esports's quarterly cash and cash equivalents declined from Sep. 2022 (£2.73 Mil) to Mar. 2023 (£1.05 Mil) but then stayed the same from Mar. 2023 (£1.05 Mil) to Sep. 2023 (£0.46 Mil).

Guild Esports's annual cash and cash equivalents declined from Sep. 2021 (£10.07 Mil) to Sep. 2022 (£2.73 Mil) and declined from Sep. 2022 (£2.73 Mil) to Sep. 2023 (£0.46 Mil).

Guild Esports Cash And Cash Equivalents Historical Data

The historical data trend for Guild Esports'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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Guild Esports Cash And Cash Equivalents Chart

Guild Esports Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

2.52

10.07

2.73

0.46

Guild Esports Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial			10.07	6.11	2.73	1.05	0.46

Guild Esports 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.

Guild Esports (LSE:GILD) 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.

Guild Esports Cash And Cash Equivalents Related Terms

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Guild Esports (LSE:GILD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guild Esports PLC (LSE:GILD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GULDF:USA GU0:Germany

Address

2 Chance Street, London, GBR, E1 6JT

Website

https://www.guildesports.com

Guild Esports PLC operates an esports business. The company focuses on creating a franchise by establishing its esports teams to compete in main esports tournaments and a player training and scouting infrastructure modelled on the talent academies pioneered by Premier League football teams. Revenue is generated through multi-year sponsorship deals with corporate and consumer brands.