LABZF (Metasphere Labs) Cash And Cash Equivalents : $0.66 Mil (As of Jul. 2024)

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What is Metasphere Labs Cash And Cash Equivalents?

Metasphere Labs's quarterly cash and cash equivalents declined from Jan. 2024 ($0.54 Mil) to Apr. 2024 ($0.24 Mil) but then increased from Apr. 2024 ($0.24 Mil) to Jul. 2024 ($0.66 Mil).

Metasphere Labs's annual cash and cash equivalents declined from Jul. 2022 ($0.24 Mil) to Jul. 2023 ($0.04 Mil) but then increased from Jul. 2023 ($0.04 Mil) to Jul. 2024 ($0.66 Mil).

Metasphere Labs Cash And Cash Equivalents Historical Data

The historical data trend for Metasphere Labs'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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Metasphere Labs Cash And Cash Equivalents Chart

Metasphere Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Jul24

Cash And Cash Equivalents

0.01

0.24

0.04

0.66

Metasphere Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash And Cash Equivalents	Get a 7-Day Free Trial													0.04	0.05	0.54	0.24	0.66

Metasphere Labs 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.

Metasphere Labs (OTCPK:LABZF) 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.

Metasphere Labs Cash And Cash Equivalents Related Terms

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Metasphere Labs Business Description

Industry

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Traded in Other Exchanges

H1N:Germany LABZ:Canada

Address

1890 – 1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.metasphere.earth

Metasphere Labs Inc develops solutions for the metaverse, DAOs, gamification, and Web3, addressing social challenges related to climate change and aiming for a positive planetary impact. Its projects portfolio includes ClimateBot, and CarbonBot. Company operates in one single segment, which is the design, development, and sale of exclusive Non-Fungible Tokens. Its maximum revenue is from non-fungible tokens (NFT), with Geographical revenue from Canada.