GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Clips Inc (OTCPK:LCLP) » Definitions » Cash And Cash Equivalents

Life Clips (Life Clips) Cash And Cash Equivalents : $0.86 Mil (As of Mar. 2022)


View and export this data going back to 2015. Start your Free Trial

What is Life Clips Cash And Cash Equivalents?

Life Clips's quarterly cash and cash equivalents declined from Sep. 2021 ($2.07 Mil) to Dec. 2021 ($2.02 Mil) but then stayed the same from Dec. 2021 ($2.02 Mil) to Mar. 2022 ($0.86 Mil).

Life Clips's annual cash and cash equivalents declined from Jun. 2019 ($0.03 Mil) to Jun. 2020 ($0.01 Mil) but then increased from Jun. 2020 ($0.01 Mil) to Jun. 2021 ($0.23 Mil).

Life Clips Cash And Cash Equivalents Historical Data

The historical data trend for Life Clips'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.

Life Clips Cash And Cash Equivalents Chart

Life Clips Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Cash And Cash Equivalents
Get a 7-Day Free Trial 0.09 0.01 0.03 0.01 0.23

Life Clips Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.23 2.07 2.02 0.86

Life Clips 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.

Life Clips  (OTCPK:LCLP) 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.

Life Clips Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Life Clips's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Life Clips (Life Clips) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Clips Inc (OTCPK:LCLP) » Definitions » Cash And Cash Equivalents
Comparable Companies
ALTD ALTD BWMG BTDG SPQS PRKA KENS CNXA TSE:4661 HKSE:02020 HKSE:02331 TSE:7832 POOL TSE:7309 LSE:CCL HAS MAT TSE:7951 PLNT HKSE:09992
Traded in Other Exchanges
N/A
Address
18851 NE 29th Avenue, Suite 700, PMB No. 348, Aventura, FL, USA, 33180
Website
https://www.lifeclips.com
Life Clips Inc operates in the business of digital devices to capture videos and pictures. It offers a varied range of cameras, batteries, and adapters. The firm focuses on the marketing of the HP-branded cameras as well as the Mobeego branded batteries in the United States as well as internationally. In addition, it also operates in the energy unit product division which consists of a custom designed plastic casing, shaped like a small can of energy drink, hosting a powerful lithium battery for charging mobile devices.
Executives
Victoria Diana Rudman director, officer: CFO C/O CHATAND, INC., 244 5TH AVENUE, SUITE 68, NEW YORK NY 10001
Robert Grinberg director, officer: CEO 19515 PRESIDENTIAL WAY, MIAMI FL 33179