Rumble has $131.99 million in cash and cash equivalents.
This figure represents the total amount of highly liquid assets Rumble holds, which can be readily converted into cash. These assets are crucial for a company's day-to-day operations, short-term obligations, and strategic investments.
Understanding Rumble's Cash Position
A company's cash and cash equivalents are a vital part of its financial health, indicating its liquidity and ability to meet immediate financial commitments. For Rumble, this includes cash on hand, demand deposits, and other short-term, highly liquid investments that are easily convertible to known amounts of cash and subject to an insignificant risk of changes in value.
Here's a breakdown of Rumble's key cash-related metrics:
| Metric | Amount |
|---|---|
| Cash & Cash Equivalents | $131.99 Million |
| Net Cash | $129.91 Million |
| Net Cash Per Share | $0.46 |
Key Financial Insights
- Cash & Cash Equivalents: This is the most direct measure of a company's readily available funds. Rumble's $131.99 million indicates a substantial liquid asset base.
- Net Cash: This figure often takes into account cash less any short-term debt, providing a slightly different perspective on a company's net liquidity. Rumble's net cash of $129.91 million is very close to its cash and cash equivalents, suggesting a minimal impact from short-term debt.
- Net Cash Per Share: This metric helps investors understand the amount of net cash attributable to each outstanding share of the company. At $0.46 per share, it provides a per-share valuation of the company's net liquidity.
These financial indicators collectively offer a clear picture of Rumble's strong liquidity position, which can support its ongoing growth initiatives and operational stability.
