GMBL (Esports Entertainment Group) Cash And Cash Equivalents : $0.96 Mil (As of Mar. 2024)

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What is Esports Entertainment Group Cash And Cash Equivalents?

Esports Entertainment Group's quarterly cash and cash equivalents increased from Sep. 2023 ($0.30 Mil) to Dec. 2023 ($1.10 Mil) but then stayed the same from Dec. 2023 ($1.10 Mil) to Mar. 2024 ($0.96 Mil).

Esports Entertainment Group's annual cash and cash equivalents declined from Jun. 2021 ($19.92 Mil) to Jun. 2022 ($2.52 Mil) and declined from Jun. 2022 ($2.52 Mil) to Jun. 2023 ($1.75 Mil).

Esports Entertainment Group Cash And Cash Equivalents Historical Data

The historical data trend for Esports Entertainment 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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Esports Entertainment Group Cash And Cash Equivalents Chart

Esports Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.04

12.35

19.92

2.52

1.75

Esports Entertainment Group 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															1.88	1.75	0.30	1.10	0.96

Esports Entertainment 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.

Esports Entertainment Group (OTCPK:GMBL) 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.

Esports Entertainment Group Cash And Cash Equivalents Related Terms

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Esports Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Esports Entertainment Group Inc (OTCPK:GMBL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Psaila Street, No. 170, Pater House, Level 1, suite A308, Birkirkara, MLT, BKR 9077

Website

https://www.esportsentertainmentgroup.com

Esports Entertainment Group Inc is a full-service esports and online betting company. It focuses on three verticals: Games, iGaming, and Technology. EEG Games provides a wide array of services and infrastructure for businesses to engage esports and gaming communities around the world including Esports Gaming League (EGL), which hosts a community of gamers on its proprietary tournament platform EGL.tv. EEG iGaming includes a number of award-winning brands covering traditional online sports book wagering needs as well as a multinational casino operator.

Executives

Robert Soper	director	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Michael J Villani	officer: Interim CFO and Controller	84 FESTIVAL CT., WHITE PLAINS NY 10603
Alex Igelman	officer: Chief Executive Officer	800 STEELES AVE W, SUITE B10245, THORNHILL A6 L4J 7L2
Jennifer Shera Pace	officer: Chief People Officer	FLAT 6, BLOCK D, IL-PJAZZA,, BIRBAL STREET, BALZAN O1 BZN9015
Grant Johnson	director, 10 percent owner, officer: Pres./Sec./Treas.	C/O SWISS MEDICA, 53 YONGE STREET, TORONTO A6 A1 M5E 1J3
Lydia Roy	officer: Secretary	9595 HIGHLAND POINTE PASS, DELRAY BEACH FL 33446
Mark Andrew Nielsen	director, officer: Director	5271 E SAGEWOOD DRIVE, BOISE ID 83716
Lefevre Adrien	officer: Chief Compliance Officer	170, PATER HOUSE,, LEVEL 1, PSAILA STREET, BIRKIRKARA O1 9077
Stuart James Tilly	officer: Chief Legal Officer	170 PATER HOUSE,, PSAILA STREET, BIRKIRKARA O1 BKR 9077
Warwick Winston Bartlett	director	ROSE COTTAGE,, 28 BOWLING GREEN ROAD, CASTLETOWN Y8 IM9 1EB
Daniel Michael Marks	officer: Chief Financial Officer	170 PETER HOUSE, PSAILA STREET, BIRKIKARA O1 BKR 9077
Damian Mathews	director	170 PETER HOUSE, PSAILA STREET, BIRKIRKARA O1 BRK 9077
James S Cardwell	officer: Interim CFO	CLINTON SQUARE, 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
John Clyde Brackens	officer: Chief Information Officer	66 EASTVILLE AVE, EASTVILLE SUBDIVISION, FILINVEST EAST HOMES, CAINTA, RIZAL R6 1900
Shawn Erickson	10 percent owner	280 NELSON STREET, SUITE 448, VANCOUVER A1 V6E 2E2