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NSBBF (NorthStar Gaming Holdings) Cash And Cash Equivalents : $0.92 Mil (As of Sep. 2024)


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What is NorthStar Gaming Holdings Cash And Cash Equivalents?

NorthStar Gaming Holdings's quarterly cash and cash equivalents increased from Mar. 2024 ($0.05 Mil) to Jun. 2024 ($0.77 Mil) and increased from Jun. 2024 ($0.77 Mil) to Sep. 2024 ($0.92 Mil).

NorthStar Gaming Holdings's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Jun. 2022 ($0.23 Mil) and increased from Jun. 2022 ($0.23 Mil) to Dec. 2023 ($2.91 Mil).

NorthStar Gaming Holdings Cash And Cash Equivalents Historical Data

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Cash And Cash Equivalents Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23
Cash And Cash Equivalents
0.23 2.91

NorthStar Gaming Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only 0.92 2.91 0.05 0.77 0.92

NorthStar Gaming Holdings 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.

NorthStar Gaming Holdings  (OTCPK:NSBBF) 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.

NorthStar Gaming Holdings Cash And Cash Equivalents Related Terms

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NorthStar Gaming Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » NorthStar Gaming Holdings Inc (OTCPK:NSBBF) » Definitions » Cash And Cash Equivalents
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Address
220 King Street West, Suite 200, Toronto, ON, CAN, M5H 1K4
Website
https://www.northstargaming.ca
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.