MetaWorks Platforms (MetaWorks Platforms) Cash And Cash Equivalents : $0.00 Mil (As of Dec. 2023)

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What is MetaWorks Platforms Cash And Cash Equivalents?

MetaWorks Platforms's quarterly cash and cash equivalents increased from Jun. 2023 ($0.01 Mil) to Sep. 2023 ($0.01 Mil) but then stayed the same from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.00 Mil).

MetaWorks Platforms's annual cash and cash equivalents declined from Dec. 2021 ($0.57 Mil) to Dec. 2022 ($0.04 Mil) and declined from Dec. 2022 ($0.04 Mil) to Dec. 2023 ($0.00 Mil).

MetaWorks Platforms Cash And Cash Equivalents Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Cash And Cash Equivalents Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.03

0.57

0.04

MetaWorks Platforms 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	Get a 7-Day Free Trial															0.04	0.29	0.01	0.01	-

MetaWorks Platforms 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.

MetaWorks Platforms (OTCPK:MWRK) 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.

MetaWorks Platforms Cash And Cash Equivalents Related Terms

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MetaWorks Platforms (MetaWorks Platforms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (OTCPK:MWRK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.

Executives

Scott Gallagher	officer: President	3415 LOGGERHEAD WAY, WESLEY CHAPEL FL 33544
Shelly Marie Murphy	director	1803 W ENCINAS ST., GILBERT AZ 85233
James P Geiskopf	director, 10 percent owner, officer: President Secretary Treasurer	901 HANCOCK AVENUE, UNIT 308, WEST HOLLYWOOD CA 90069
Cameron Chell	director, officer: President and CEO	561 BROOKS AVENUE, VENICE BEACH CA 90291
Swapan Kakumanu	officer: Chief Financial Officer	193 SIMCOE CIRCLE, CALGARY A0 T3H 4S3
Edmund C. Moy	director	130 ANDOVER PARK EAST SUITE 200, SEATTLE WA 98188
Alphonso Jackson	director	1411 KEY BLVD., UNIT 601, ARLINGTON VA 22209
James Michael Carter	director	12532 23RD AVENUE, SURREY A1 V4A 2C4
Bruce Gordon Elliott	officer: President	6 KERMODE ROAD, CROSBY Y8 1M4 4BZ
Michael Alexander Blum	director, officer: CFO, Secretary, Treasurer	2212 GLENBROOK WAY, LAS VEGAS NV 89117