Global Mofy Metaverse (Global Mofy Metaverse) Cash, Cash Equivalents, Marketable Securities : $11.22 Mil (As of Sep. 2023)

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What is Global Mofy Metaverse Cash, Cash Equivalents, Marketable Securities?

Global Mofy Metaverse's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 ($1.14 Mil) to Mar. 2023 ($8.18 Mil) and increased from Mar. 2023 ($8.18 Mil) to Sep. 2023 ($11.22 Mil).

Global Mofy Metaverse's annual cash, cash equivalents, marketable securities increased from Sep. 2021 ($1.09 Mil) to Sep. 2022 ($1.14 Mil) and increased from Sep. 2022 ($1.14 Mil) to Sep. 2023 ($11.22 Mil).

Global Mofy Metaverse Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Global Mofy Metaverse'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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Global Mofy Metaverse Cash, Cash Equivalents, Marketable Securities Chart

Global Mofy Metaverse Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

0.01

1.09

1.14

11.22

Global Mofy Metaverse Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			1.09	1.34	1.14	8.18	11.22

Global Mofy Metaverse 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.

Global Mofy Metaverse (NAS:GMM) 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.

Global Mofy Metaverse Cash, Cash Equivalents, Marketable Securities Related Terms

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Global Mofy Metaverse (Global Mofy Metaverse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy Metaverse Ltd (NAS:GMM) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy Metaverse (Global Mofy Metaverse) Headlines

From GuruFocus

Global Mofy Metaverse Limited Announces Pricing of $6,000,000 Initial Public Offering

By Marketwired • 10-09-2023

Global Mofy Metaverse ("GMM"), 3D Digital Assets Operator, Debuts on Nasdaq

By ACN Newswire • 10-12-2023

Global Mofy Metaverse Limited Announces Closing of $6,000,000 Initial Public Offering

By Marketwired • 10-12-2023