Starbox Group Holdings (Starbox Group Holdings) Cash, Cash Equivalents, Marketable Securities : $2.53 Mil (As of Sep. 2023)

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What is Starbox Group Holdings Cash, Cash Equivalents, Marketable Securities?

Starbox Group Holdings's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($17.78 Mil) to Mar. 2023 ($0.86 Mil) but then increased from Mar. 2023 ($0.86 Mil) to Sep. 2023 ($2.53 Mil).

Starbox Group Holdings's annual cash, cash equivalents, marketable securities increased from Sep. 2021 ($2.30 Mil) to Sep. 2022 ($17.78 Mil) but then declined from Sep. 2022 ($17.78 Mil) to Sep. 2023 ($2.53 Mil).

Starbox Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Starbox Group Holdings'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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Starbox Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Starbox Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

0.37

2.30

17.78

2.53

Starbox Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			2.30	2.36	17.78	0.86	2.53

Starbox Group Holdings 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.

Starbox Group Holdings (NAS:STBX) 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.

Starbox Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Starbox Group Holdings (Starbox Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Starbox Group Holdings Ltd (NAS:STBX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.starboxholdings.com

Starbox Group Holdings Ltd engages in developing cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises. Through the firm's subsidiaries in Malaysia, it connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants. Substantially all of our current operations are located in Malaysia. It operates in three segments: digital advertising services, cash rebate services, and payment solution services.