>
Switch to:

Stingray Group Cash And Cash Equivalents

: $6.7 Mil (As of Sep. 2021)
View and export this data going back to 2021. Start your Free Trial

Stingray Group's quarterly cash and cash equivalents declined from Mar. 2021 ($7.19 Mil) to Jun. 2021 ($5.25 Mil) but then increased from Jun. 2021 ($5.25 Mil) to Sep. 2021 ($6.69 Mil).

Stingray Group's annual cash and cash equivalents declined from Mar. 2019 ($3.49 Mil) to Mar. 2020 ($1.80 Mil) but then increased from Mar. 2020 ($1.80 Mil) to Mar. 2021 ($7.19 Mil).


Stingray Group Cash And Cash Equivalents Historical Data

The historical data trend for Stingray 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.

* Premium members only.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Cash And Cash Equivalents
Premium Member Only Premium Member Only 4.38 2.60 3.49 1.80 7.19

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Cash And Cash Equivalents 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 Premium Member Only Premium Member Only Premium Member Only 8.24 7.67 7.19 5.25 6.69

Stingray 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.


Stingray Group  (OTCPK:STGYF) 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.


Stingray Group Cash And Cash Equivalents Related Terms

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


Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

Stingray Group Headlines

No Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)