Sound Group (Sound Group) Cash, Cash Equivalents, Marketable Securities : $83.0 Mil (As of Sep. 2023)

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What is Sound Group Cash, Cash Equivalents, Marketable Securities?

Sound Group's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($104.63 Mil) to Jun. 2023 ($95.88 Mil) but then stayed the same from Jun. 2023 ($95.88 Mil) to Sep. 2023 ($82.96 Mil).

Sound Group's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($59.41 Mil) to Dec. 2021 ($83.73 Mil) and increased from Dec. 2021 ($83.73 Mil) to Dec. 2022 ($97.47 Mil).

Sound Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sound Group's Cash, Cash Equivalents, Marketable Securities 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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Sound Group Cash, Cash Equivalents, Marketable Securities Chart

Sound Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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29.87

11.79

59.41

83.73

97.47

Sound Group Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															87.98	97.47	104.63	95.88	82.96

Sound Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Sound Group (NAS:SOGP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Sound Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Sound Group (Sound Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Sound Group Inc (NAS:SOGP) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Yangcheng Creative Industry Zone, No. 309 Middle Huangpu Avenue, Tianhe District, Guangzhou, CHN, 510655

Website

https://www.lizhi.fm

Lizhi Inc is engaged in the operation of providing audio entertainment, podcast, advertising, and others in the People's Republic of China. The company aims to bring people closer together through voices through its product portfolios. It offers LIZHI App, an online UGC audio community, an interactive audio entertainment platform, and an online audio platform in China. The group's revenues comprise audio entertainment revenue, podcast, advertising, and other revenue. It derives a majority of its revenue from the People's Republic of China.