Fobi Ai (FRA:WMV) Cash And Cash Equivalents : €0.73 Mil (As of Mar. 2024)

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What is Fobi Ai Cash And Cash Equivalents?

Fobi Ai's quarterly cash and cash equivalents increased from Sep. 2023 (€0.06 Mil) to Dec. 2023 (€0.07 Mil) and increased from Dec. 2023 (€0.07 Mil) to Mar. 2024 (€0.73 Mil).

Fobi Ai's annual cash and cash equivalents declined from Jun. 2021 (€5.10 Mil) to Jun. 2022 (€0.66 Mil) and declined from Jun. 2022 (€0.66 Mil) to Jun. 2023 (€0.09 Mil).

Fobi Ai Cash And Cash Equivalents Historical Data

The historical data trend for Fobi Ai'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.

Fobi Ai Cash And Cash Equivalents Chart

Fobi Ai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.15

0.11

5.10

0.66

0.09

Fobi Ai Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.19	0.09	0.06	0.07	0.73

Fobi Ai 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.

Fobi Ai (FRA:WMV) 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.

Fobi Ai Cash And Cash Equivalents Related Terms

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Fobi Ai Business Description

Industry

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FOBIF:USA FOBI:Canada

Address

541 Howe Street, Unit 2F, Vancouver, BC, CAN, V6C 2C2

Website

https://www.fobi.ai

Fobi Ai Inc is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. The Company operates in one operating segment, being the technology segment wherein it earns revenues from directly selling software as a service, reselling, referring and licensing its technology to licensors. Its IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating scalable solutions for clients across the world. The company operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries. It operates in North America and Europe.

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