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GMM (Global Mofy AI) Cash And Cash Equivalents : $7.36 Mil (As of Mar. 2024)


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What is Global Mofy AI Cash And Cash Equivalents?

Global Mofy AI's quarterly cash and cash equivalents increased from Mar. 2023 ($8.18 Mil) to Sep. 2023 ($10.44 Mil) but then stayed the same from Sep. 2023 ($10.44 Mil) to Mar. 2024 ($7.36 Mil).

Global Mofy AI's annual cash and cash equivalents increased from Sep. 2021 ($1.09 Mil) to Sep. 2022 ($1.14 Mil) and increased from Sep. 2022 ($1.14 Mil) to Sep. 2023 ($10.44 Mil).

Global Mofy AI Cash And Cash Equivalents Historical Data

The historical data trend for Global Mofy 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.

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Global Mofy AI Cash And Cash Equivalents Chart

Global Mofy AI Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Cash And Cash Equivalents
0.01 1.09 1.14 10.44

Global Mofy AI Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Cash And Cash Equivalents Get a 7-Day Free Trial 1.34 1.14 8.18 10.44 7.36

Global Mofy 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.

Global Mofy AI  (NAS:GMM) 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.

Global Mofy AI Cash And Cash Equivalents Related Terms

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Global Mofy AI Business Description

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Address
No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000
Website
Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.