East Side Games Group (TSX:EAGR) Cash And Cash Equivalents : C$5.24 Mil (As of Dec. 2023)

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What is East Side Games Group Cash And Cash Equivalents?

East Side Games Group's quarterly cash and cash equivalents increased from Jun. 2023 (C$2.83 Mil) to Sep. 2023 (C$3.57 Mil) and increased from Sep. 2023 (C$3.57 Mil) to Dec. 2023 (C$5.24 Mil).

East Side Games Group's annual cash and cash equivalents declined from Dec. 2021 (C$9.24 Mil) to Dec. 2022 (C$5.66 Mil) and declined from Dec. 2022 (C$5.66 Mil) to Dec. 2023 (C$5.24 Mil).

East Side Games Group Cash And Cash Equivalents Historical Data

The historical data trend for East Side Games 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.

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East Side Games Group Cash And Cash Equivalents Chart

East Side Games Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.03

4.42

9.24

5.66

5.24

East Side Games Group Quarterly Data
	Mar19	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													5.66	3.10	2.83	3.57	5.24

East Side Games 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.

East Side Games Group (TSX:EAGR) 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.

East Side Games Group Cash And Cash Equivalents Related Terms

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East Side Games Group (TSX:EAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » East Side Games Group Inc (TSX:EAGR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EAGRF:USA

Address

#3104 - 1055 Dunsmuir Street, Four Bentall Centre, Vancouver, BC, CAN, V7X 1G4

Website

https://www.eastsidegamesgroup.com

East Side Games Group Inc is a free-to-play mobile game group, that creates engaging games that produce enduring player loyalty. Its studio group entrepreneurial culture is anchored in creativity, execution, and growth through a diverse portfolio of original and licensed IP mobile games that include Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile; Trailer Park Boys Greasy Money, and many more. It generates revenue through in-app purchases (IAP) from the sale of in-game virtual items that enhance the gameplaying experience, and through in-game advertising.

East Side Games Group (TSX:EAGR) Headlines

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