AB International Group (AB International Group) Cash, Cash Equivalents, Marketable Securities : $0.03 Mil (As of Feb. 2024)

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What is AB International Group Cash, Cash Equivalents, Marketable Securities?

AB International Group's quarterly cash, cash equivalents, marketable securities increased from Aug. 2023 ($0.12 Mil) to Nov. 2023 ($0.26 Mil) but then stayed the same from Nov. 2023 ($0.26 Mil) to Feb. 2024 ($0.03 Mil).

AB International Group's annual cash, cash equivalents, marketable securities declined from Aug. 2021 ($0.13 Mil) to Aug. 2022 ($0.08 Mil) but then increased from Aug. 2022 ($0.08 Mil) to Aug. 2023 ($0.12 Mil).

AB International Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for AB International Group's Cash, Cash Equivalents, Marketable Securities 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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AB International Group Cash, Cash Equivalents, Marketable Securities Chart

AB International Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash, Cash Equivalents, Marketable Securities

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1.57

2.46

0.13

0.08

0.12

AB International Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.17	0.14	0.12	0.26	0.03

AB International Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

AB International Group (OTCPK:ABQQ) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

AB International Group Cash, Cash Equivalents, Marketable Securities Related Terms

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AB International Group (AB International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AB International Group Corp (OTCPK:ABQQ) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Main Street, Mount Kisco, New York, NY, USA, 10549

Website

https://www.abqqs.com

AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.

Executives

Chiyuan Deng	director, officer: President	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Pathikonda Sivakumar Arikeri	10 percent owner	#08-245, BLOCK #107, YISHUN KING ROAD, SINGAPORE U0 760107
Lijun Yu	10 percent owner, officer: Chief Marketing Officer	16TH FLOOR, RICH TOWERS, 2 BLENHEIM AVENUE, TSIM SHA TSUI, KOWLOON K3 00000
Linqing Ye	director	SHOP 518 5/F TM PLAZA, 88 QINGHEZHONGLU, GUANGZHOU F4 511400
Alexander Holtermann	director, officer: Chief Executive Officer	KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598
Jianli Deng	10 percent owner, officer: Secretary and Treasurer	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Ian Wright	officer: Chief Operating Officer	BOECKLINSTRASSE 3, FRANKFURT AM MAIN GERMANY, FRANKFURT 2M 60596
Luis Hadic	officer: Chief Financial Officer	23717 110B AVE., MAPLE RIDGE A1 V2W 2E2
Ho Ming Chung	officer: Chief Technology Officer	23/F ROOM 8 BLOCK A WANG KWONG BLDG., 22 NGAU TAU KOK ROAD, KOWLOON K3 999077