Gaming Innovation Group (OSL:GIG) Cash And Cash Equivalents : kr68.0 Mil (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Gaming Innovation Group Cash And Cash Equivalents?

Gaming Innovation Group's quarterly cash and cash equivalents increased from Sep. 2023 (kr91.42 Mil) to Dec. 2023 (kr178.17 Mil) but then stayed the same from Dec. 2023 (kr178.17 Mil) to Mar. 2024 (kr68.03 Mil).

Gaming Innovation Group's annual cash and cash equivalents increased from Dec. 2021 (kr70.34 Mil) to Dec. 2022 (kr144.66 Mil) and increased from Dec. 2022 (kr144.66 Mil) to Dec. 2023 (kr178.17 Mil).

Gaming Innovation Group Cash And Cash Equivalents Historical Data

The historical data trend for Gaming Innovation 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.

* Premium members only.

Gaming Innovation Group Cash And Cash Equivalents Chart

Gaming Innovation Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

20.01

94.87

70.34

144.66

178.17

Gaming Innovation 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															120.76	89.41	91.42	178.17	68.03

Gaming Innovation 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.

Gaming Innovation Group (OSL:GIG) 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.

Gaming Innovation Group Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Gaming Innovation Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Gaming Innovation Group (OSL:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Innovation Group Inc (OSL:GIG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GIGo:Sweden GI11:Germany

Address

Golden Mile Business Centre, Triq Id-Dragunara, St Julian’s, MLT, 3148

Website

https://www.gig.com

Gaming Innovation Group Inc is an iGaming technology company, providing solutions, products and services to iGaming Operators. It operates iGamingCloud.com, a cloud-based platform as a software-as-a-service. It also offers business-to-consumer casino and sports betting services through its online gaming Websites and online performance marketing services. The company's vision is to be the industry leading platform and media provider delivering world class solutions to iGaming partners and their customers'. Its mission is to drive sustainable growth and profitability of partners through product innovation, scalable technology and quality of service.