Teco 2030 ASA (Teco 2030 ASA) Cash, Cash Equivalents, Marketable Securities : $0.04 Mil (As of Sep. 2023)

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What is Teco 2030 ASA Cash, Cash Equivalents, Marketable Securities?

Teco 2030 ASA's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($0.45 Mil) to Jun. 2023 ($0.27 Mil) but then stayed the same from Jun. 2023 ($0.27 Mil) to Sep. 2023 ($0.04 Mil).

Teco 2030 ASA's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($4.85 Mil) to Dec. 2021 ($6.50 Mil) but then declined from Dec. 2021 ($6.50 Mil) to Dec. 2022 ($4.64 Mil).

Teco 2030 ASA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Teco 2030 ASA'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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Teco 2030 ASA Cash, Cash Equivalents, Marketable Securities Chart

Teco 2030 ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

0.41

4.85

6.50

4.64

Teco 2030 ASA Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									1.21	4.64	0.45	0.27	0.04

Teco 2030 ASA 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.

Teco 2030 ASA (OTCPK:TECFF) 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.

Teco 2030 ASA Cash, Cash Equivalents, Marketable Securities Related Terms

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Teco 2030 ASA (Teco 2030 ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco 2030 ASA (OTCPK:TECFF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

TECO:Norway TE9:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.teco2030.no

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.