NIPG (NIP Group) Cash And Cash Equivalents : $9.56 Mil (As of Dec. 2024)

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What is NIP Group Cash And Cash Equivalents?

NIP Group's quarterly cash and cash equivalents declined from Dec. 2023 ($7.60 Mil) to Jun. 2024 ($6.76 Mil) but then increased from Jun. 2024 ($6.76 Mil) to Dec. 2024 ($9.56 Mil).

NIP Group's annual cash and cash equivalents declined from Dec. 2022 ($9.59 Mil) to Dec. 2023 ($7.60 Mil) but then increased from Dec. 2023 ($7.60 Mil) to Dec. 2024 ($9.56 Mil).

NIP Group Cash And Cash Equivalents Historical Data

The historical data trend for NIP 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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NIP Group Cash And Cash Equivalents Chart

NIP Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

5.05

11.41

9.59

7.60

9.56

NIP Group Quarterly Data
	Dec20	Dec21	Dec22	Sep23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial			9.59	9.32	7.60	6.76	9.56

NIP 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.

NIP Group (NAS:NIPG) 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.

NIP Group Cash And Cash Equivalents Related Terms

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NIP Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NIP Group Inc (NAS:NIPG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Rosenlundsgatan 31, Stockholm, SWE, 11863

Website

https://www.nipg.com

NIP Group Inc is a digital entertainment company built for the growing gaming and esports industry. NIP Group integrates multiple businesses such as talent agency, event production, game-themed hotels and game publishing to create transformative entertainment experiences that inspire, connect fans, expand global influence, and achieve deep interaction on platforms where digital native players gather. It currently has operation centers in Sweden, China, Abu Dhabi, and Brazil, and its esports teams cover multiple game projects and are active in the top event stages.