ELVG (Elvictor Group) Cash And Cash Equivalents : $0.11 Mil (As of Sep. 2024)

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What is Elvictor Group Cash And Cash Equivalents?

Elvictor Group's quarterly cash and cash equivalents declined from Mar. 2024 ($0.42 Mil) to Jun. 2024 ($0.19 Mil) but then stayed the same from Jun. 2024 ($0.19 Mil) to Sep. 2024 ($0.11 Mil).

Elvictor Group's annual cash and cash equivalents increased from Dec. 2021 ($0.31 Mil) to Dec. 2022 ($0.50 Mil) and increased from Dec. 2022 ($0.50 Mil) to Dec. 2023 ($0.70 Mil).

Elvictor Group Cash And Cash Equivalents Historical Data

The historical data trend for Elvictor 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.

Elvictor Group Cash And Cash Equivalents Chart

Elvictor Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.02

0.34

0.31

0.50

0.70

Elvictor Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.15	0.70	0.42	0.19	0.11

Elvictor 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.

Elvictor Group (OTCPK:ELVG) 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.

Elvictor Group Cash And Cash Equivalents Related Terms

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Elvictor Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elvictor Group Inc (OTCPK:ELVG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vassileos Constantinou 79, Vari, Athens, GRC, 16672

Website

https://www.elvictorgroup.com

Elvictor Group Inc is a crewing and crew management company that sources, recruits, selects, deploys, schedules, trains, the on-going management of seafarers. The services also include administrative functions related to crew management services, including payroll services, travel arrangements, and verification of insurance coverage information of all onboarded seafarers.

Executives

Stavros Galanakis	director, 10 percent owner, officer: CHAIRMAN & VICE PRESIDENT	78 PAPAFOTI STR, VARI-VARKIZA J3 16672
Christodoulos Tzoutzakis	officer: CHIEF OPERATING OFFICER	24 THEMISTOKLEOUS STR., VOULA ATTIKIS J3 16673
Panagiotis Tolis	director, 10 percent owner, officer: CIRO	PERICLEOUS 50 STREET, ATHENS J3 15232
Panagiotis Nikolaos Lazaretos	10 percent owner	103M1 MARKOU BOTSARI STR, KIFISSIA, ATTICA J3 14561
Konstantinos Galanakis	director, 10 percent owner, officer: CEO	38 MOUTOUSI K STREET, VARI-VARKIZA J3 16672
Eleftherios Kontos	10 percent owner	THOUKIDIDOY 15, VOLOS J3 38333

Elvictor Group Headlines

From GuruFocus

Elvictor Group Inc. Engages US-Based Investor Relations Advisory Firm

By PRNewswire PRNewswire • 11-29-2021