5th Planet Games AS (FRA:2HG1) Cash And Cash Equivalents : €6.62 Mil (As of Dec. 2023)

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What is 5th Planet Games AS Cash And Cash Equivalents?

5th Planet Games AS's quarterly cash and cash equivalents increased from Jun. 2023 (€4.33 Mil) to Sep. 2023 (€6.69 Mil) but then stayed the same from Sep. 2023 (€6.69 Mil) to Dec. 2023 (€6.62 Mil).

5th Planet Games AS's annual cash and cash equivalents increased from Dec. 2021 (€1.83 Mil) to Dec. 2022 (€4.87 Mil) and increased from Dec. 2022 (€4.87 Mil) to Dec. 2023 (€6.62 Mil).

5th Planet Games AS Cash And Cash Equivalents Historical Data

The historical data trend for 5th Planet Games AS'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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5th Planet Games AS Cash And Cash Equivalents Chart

5th Planet Games AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.84

3.18

1.83

4.87

6.62

5th Planet Games AS Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															4.87	4.92	4.33	6.69	6.62

5th Planet Games AS 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.

5th Planet Games AS (FRA:2HG1) 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.

5th Planet Games AS Cash And Cash Equivalents Related Terms

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5th Planet Games AS (FRA:2HG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 5th Planet Games AS (FRA:2HG1) » Definitions » Cash And Cash Equivalents

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5PG:Norway

Address

Gothersgade 11, Copenhagen K, DNK, 1123

Website

https://www.5thplanetgames.com

5th Planet Games AS is a mobile game development and publishing company based in Denmark. The company's games are available on the platforms like iOS, Android, Windows, Amazon, and Facebook. Its games include Street soccer ultimate, Hugo retro mania, Hugo world, and other games. The company generates its revenue from the sale of games and in-app purchases, advertising services, and from licence income. The company operates in single segment.

5th Planet Games AS (FRA:2HG1) Headlines

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