WDDD (Worlds) Cash And Cash Equivalents : $0.03 Mil (As of Sep. 2024)

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What is Worlds Cash And Cash Equivalents?

Worlds's quarterly cash and cash equivalents declined from Mar. 2024 ($0.16 Mil) to Jun. 2024 ($0.08 Mil) but then stayed the same from Jun. 2024 ($0.08 Mil) to Sep. 2024 ($0.03 Mil).

Worlds's annual cash and cash equivalents declined from Dec. 2021 ($0.04 Mil) to Dec. 2022 ($0.01 Mil) but then increased from Dec. 2022 ($0.01 Mil) to Dec. 2023 ($0.25 Mil).

Worlds Cash And Cash Equivalents Historical Data

The historical data trend for Worlds'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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Worlds Cash And Cash Equivalents Chart

Worlds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.57

0.48

0.04

0.01

0.25

Worlds Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.03	0.25	0.16	0.08	0.03

Worlds 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.

Worlds (OTCPK:WDDD) 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.

Worlds Cash And Cash Equivalents Related Terms

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Worlds Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Worlds Inc (OTCPK:WDDD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Royal Road, Brookline, MA, USA, 02445

Website

https://www.worlds.com

Worlds Inc is a company that designs and develops software, content, and related technology for the creation of interactive, three-dimensional (3D) portals and websites. The company creates its Internet sites, as well as sites available through third-party online service providers. It focuses on the development of virtual worlds which has several applications comprising a virtual meeting place, a 3D e-commerce store, a virtual classroom, and others. The core technologies developed by it include WorldsShaper, WorldsServer, WorldsBrowser, WorldsPlayer, and Worlds Gamma Libraries.

Executives

Edward J Gildea	director	C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Thomas Philip Duterme	director	111 PACCHETTI WAY, MOUNTAIN VIEW CA 94040
Steven Chrust	10 percent owner	C/O SGC ADVISORY SERVICES INC, 1786 BEDFORD STREET, STANFORD CT 06905
Thomas Kidrin	director, 10 percent owner, officer: President & CEO	11 ROYAL ROAD, BROOKLINE MA 02445
Bernard Stolar	director	4401 WILSHIRE BLVD., SUITE 200, LOS ANGELES CA 90010
Jay Coleman	director	310 EAST 46TH ST. APT 9 F, NEW YORK NY 10017
Robert N Fireman	director	145 ROSEMARY ST. SUITE H-2, NEEDHAM MA 02494