Turning Point Brands (FRA:0T5) Cash And Cash Equivalents : €120.4 Mil (As of Mar. 2024)

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What is Turning Point Brands Cash And Cash Equivalents?

Turning Point Brands's quarterly cash and cash equivalents increased from Sep. 2023 (€90.02 Mil) to Dec. 2023 (€108.10 Mil) and increased from Dec. 2023 (€108.10 Mil) to Mar. 2024 (€120.43 Mil).

Turning Point Brands's annual cash and cash equivalents declined from Dec. 2021 (€113.56 Mil) to Dec. 2022 (€100.44 Mil) but then increased from Dec. 2022 (€100.44 Mil) to Dec. 2023 (€108.10 Mil).

Turning Point Brands Cash And Cash Equivalents Historical Data

The historical data trend for Turning Point Brands's Cash And Cash Equivalents 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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Turning Point Brands Cash And Cash Equivalents Chart

Turning Point Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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85.73

34.33

113.56

100.44

108.10

Turning Point Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															97.88	92.77	90.02	108.10	120.43

Turning Point Brands Cash And Cash Equivalents 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.

Turning Point Brands (FRA:0T5) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Turning Point Brands Cash And Cash Equivalents Related Terms

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Turning Point Brands (FRA:0T5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Turning Point Brands Inc (FRA:0T5) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

TPB:USA

Address

5201 Interchange Way, Louisville, KY, USA, 40229

Website

https://www.turningpointbrands.com

Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.

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