ToughBuilt Industries (ToughBuilt Industries) Cash And Cash Equivalents : $1.83 Mil (As of Sep. 2023)

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What is ToughBuilt Industries Cash And Cash Equivalents?

ToughBuilt Industries's quarterly cash and cash equivalents declined from Mar. 2023 ($2.36 Mil) to Jun. 2023 ($2.21 Mil) but then stayed the same from Jun. 2023 ($2.21 Mil) to Sep. 2023 ($1.83 Mil).

ToughBuilt Industries's annual cash and cash equivalents increased from Dec. 2020 ($2.20 Mil) to Dec. 2021 ($7.47 Mil) but then declined from Dec. 2021 ($7.47 Mil) to Dec. 2022 ($2.56 Mil).

ToughBuilt Industries Cash And Cash Equivalents Historical Data

The historical data trend for ToughBuilt Industries'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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ToughBuilt Industries Cash And Cash Equivalents Chart

ToughBuilt Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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5.46

0.03

2.20

7.47

2.56

ToughBuilt Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.59	2.56	2.36	2.21	1.83

ToughBuilt Industries 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.

ToughBuilt Industries (NAS:TBLT) 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.

ToughBuilt Industries Cash And Cash Equivalents Related Terms

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ToughBuilt Industries (ToughBuilt Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ToughBuilt Industries Inc (NAS:TBLT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

36Q0:Germany

Address

8669 Research Drive, Irvine, CA, USA, 92618

Website

https://www.toughbuilt.com

ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.

Executives

Michael Panosian	director, 10 percent owner, officer: CEO	25371 COMMERCENTER DRIVE. SUITE 200, LAKE FOREST CA 92630
William Placke	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630
Martin Galstyan	officer: Chief Financial Officer	6339 HARMAN DRIVE, TUJUNGA CA 91042
Linda M. Moossaian	director	3769 EL LADO DRIVE, GLENDALE CA 91208
Joshua Keeler	director	655 NORTH CENTRAL AVE, 1727, GLENDALE CA 91203
Titan Advisors, Llc	10 percent owner	750 WASHINGTON BLVD., FLOOR 10, STAMFORD CT 06901
Hspl Holdings, Llc	10 percent owner	750 WASHINGTON BLVD., 10TH FLOOR, STAMFORD CT 06901
Frederick D. Furry	director	18372 OXBORO LANE, HUNTINGTON BEACH CA 92648
Paul M. Galvin	director	C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Manu Ohri	director, officer: CFO	2355 MAIN STREET, SUITE 120, IRVINE CA 92614
Robert K Faught	director	70 PLANTATION DR #189, HILTON HEAD SC 29928
John R Keeler	director, officer: Chief Design Officer	3000 NW 109TH AVE, MIAMI FL 33172
Zareh Khachatoorian	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630