TPT Global Tech (TPT Global Tech) Cash, Cash Equivalents, Marketable Securities : $0.01 Mil (As of Mar. 2024)

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What is TPT Global Tech Cash, Cash Equivalents, Marketable Securities?

TPT Global Tech's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($0.02 Mil) but then stayed the same from Dec. 2023 ($0.02 Mil) to Mar. 2024 ($0.01 Mil).

TPT Global Tech's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.52 Mil) to Dec. 2022 ($0.06 Mil) and declined from Dec. 2022 ($0.06 Mil) to Dec. 2023 ($0.02 Mil).

TPT Global Tech Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for TPT Global Tech'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.

* Premium members only.

TPT Global Tech Cash, Cash Equivalents, Marketable Securities Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.19

0.02

0.52

0.06

0.02

TPT Global Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.04	0.01	-	0.02	0.01

TPT Global Tech 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.

TPT Global Tech (OTCPK:TPTW) 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.

TPT Global Tech Cash, Cash Equivalents, Marketable Securities Related Terms

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TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).