FIGI (Freedom Internet Group) Cash And Cash Equivalents : $0.28 Mil (As of Jan. 2023)

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What is Freedom Internet Group Cash And Cash Equivalents?

Freedom Internet Group's quarterly cash and cash equivalents declined from Jul. 2022 ($0.36 Mil) to Oct. 2022 ($0.31 Mil) but then stayed the same from Oct. 2022 ($0.31 Mil) to Jan. 2023 ($0.28 Mil).

Freedom Internet Group's annual cash and cash equivalents declined from Oct. 2020 ($1.04 Mil) to Oct. 2021 ($0.63 Mil) and declined from Oct. 2021 ($0.63 Mil) to Oct. 2022 ($0.31 Mil).

Freedom Internet Group Cash And Cash Equivalents Historical Data

The historical data trend for Freedom Internet 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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Freedom Internet Group Cash And Cash Equivalents Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Cash And Cash Equivalents

1.18

1.04

0.63

0.31

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Cash And Cash Equivalents	Get a 7-Day Free Trial									0.39	0.34	0.36	0.31	0.28

Freedom Internet 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.

Freedom Internet Group (OTCPK:FIGI) 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.

Freedom Internet Group Cash And Cash Equivalents Related Terms

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Freedom Internet Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » Cash And Cash Equivalents

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group Headlines

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