Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Cash And Cash Equivalents : $10.9 Mil (As of Dec. 2018)

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What is Dover Downs Gaming & Entertainment Cash And Cash Equivalents?

Dover Downs Gaming & Entertainment's quarterly cash and cash equivalents declined from Jun. 2018 ($10.84 Mil) to Sep. 2018 ($10.18 Mil) but then increased from Sep. 2018 ($10.18 Mil) to Dec. 2018 ($10.86 Mil).

Dover Downs Gaming & Entertainment's annual cash and cash equivalents declined from Dec. 2016 ($11.68 Mil) to Dec. 2017 ($10.71 Mil) but then increased from Dec. 2017 ($10.71 Mil) to Dec. 2018 ($10.86 Mil).

Dover Downs Gaming & Entertainment Cash And Cash Equivalents Historical Data

The historical data trend for Dover Downs Gaming & Entertainment'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.

Dover Downs Gaming & Entertainment Cash And Cash Equivalents Chart

Dover Downs Gaming & Entertainment Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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10.08

10.50

11.68

10.71

10.86

Dover Downs Gaming & Entertainment Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Cash And Cash Equivalents	Get a 7-Day Free Trial															10.71	11.52	10.84	10.18	10.86

Dover Downs Gaming & Entertainment 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.

Dover Downs Gaming & Entertainment (NYSE:DDE) 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.

Dover Downs Gaming & Entertainment Cash And Cash Equivalents Related Terms

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Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dover Downs Gaming & Entertainment Inc (NYSE:DDE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1131 North DuPont Highway, Dover, DE, USA, 19901

Website

http://www.doverdowns.com

Dover Downs Gaming & Entertainment Inc is a US-based gaming and entertainment company. It operates Dover Downs Casino; Dover Downs Hotel and Conference Center; and Dover Downs Raceway. The Dover Downs Casino operations include table games, including craps, roulette and card games, multi-player electronic table games, race and sports book operation, the festival buffet, Frankie's Italian restaurant, as well as several bars, restaurants and retail outlets. The Dover Downs Hotel and Conference Center include a fine dining restaurant, spa/salon, conference, banquet, ballroom and concert hall facilities. The Dover Downs Raceway includes a harness racing track with pari-mutuel wagering on live and simulcasts horse races. The firm derives the majority of revenue from gaming operation.

Executives

R Randall Rollins	other: See Footnote 1	SUNTRUST BANKS INC, PO BOX 4418 MC 643, ATLANTA GA 30302-4418
Henry B Tippie	other: See Footnote 1	TONY EVANS, 1131 N DUPONT HWY, DOVER DE 19903
Denis Mcglynn	other: See Footnote 1	POST OFFICE BOX 843, DOVER DE 19903
Klaus M Belohoubek	other: See Footnote 1
Timothy R Horne	other: See Footnote 1
Jeffrey W Rollins	other: See Footnote 1
Patrick J Bagley	other: See Footnote 1
Rmt Trust	other: See Footnote 1	3505 SILVERSIDE ROAD PLAZA CENTRE BLDG., SUITE 203 WILMINGTON DE 19810
Kenneth K Chalmers	director
Rollins John W Jr	director	1131 N DUPONT HGWY PO BOX 843 DOVER DE 19903
Eugene W Weaver	10 percent owner	P O BOX 843, DOVER DE 19803
Richard K Struthers	director	900 OLD KENNETT ROAD, GREENVILLE DE 19807
Gates Capital Management, Inc.	10 percent owner	1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Jeffrey L Gates	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Estate Of Rollins John W Sr	10 percent owner	2200 CONCORD PIKE WILMINGTON DE 19803