Network Media Group (TSXV:NTE) Cash And Cash Equivalents : C$2.28 Mil (As of Nov. 2023)

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What is Network Media Group Cash And Cash Equivalents?

Network Media Group's quarterly cash and cash equivalents increased from May. 2023 (C$0.50 Mil) to Aug. 2023 (C$0.99 Mil) and increased from Aug. 2023 (C$0.99 Mil) to Nov. 2023 (C$2.28 Mil).

Network Media Group's annual cash and cash equivalents declined from Nov. 2021 (C$2.79 Mil) to Nov. 2022 (C$0.71 Mil) but then increased from Nov. 2022 (C$0.71 Mil) to Nov. 2023 (C$2.28 Mil).

Network Media Group Cash And Cash Equivalents Historical Data

The historical data trend for Network Media 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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Network Media Group Cash And Cash Equivalents Chart

Network Media Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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1.18

0.69

2.79

0.71

2.28

Network Media Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.71	0.94	0.50	0.99	2.28

Network Media 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.

Network Media Group (TSXV:NTE) 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.

Network Media Group Cash And Cash Equivalents Related Terms

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Network Media Group (TSXV:NTE) Business Description

Industry

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NETWF:USA

Address

1525 West 8 Avenue, Suite 207, Vancouver, BC, CAN, V6C 1T5

Website

https://www.networkentertainment.ca

Network Media Group Inc is a television, film, and NFT production company. Through its subsidiaries, the company is engaged in the development and production of entertainment content. The company develops and produces film, and television and NFT properties in addition to providing production services to third parties. The principal business of the company is the development, financing, production, marketing and distribution of documentaries and docu-series. Network NFT Studios collaborates with IP owners, artists and top talent to create engagement campaigns using non-fungible tokens.

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