Thumzup Media (Thumzup Media) Cash, Cash Equivalents, Marketable Securities : $0.23 Mil (As of Mar. 2024)

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What is Thumzup Media Cash, Cash Equivalents, Marketable Securities?

Thumzup Media's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($0.15 Mil) to Dec. 2023 ($0.26 Mil) but then stayed the same from Dec. 2023 ($0.26 Mil) to Mar. 2024 ($0.23 Mil).

Thumzup Media's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.42 Mil) to Dec. 2022 ($1.16 Mil) but then declined from Dec. 2022 ($1.16 Mil) to Dec. 2023 ($0.26 Mil).

Thumzup Media Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Thumzup Media'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.

Thumzup Media Cash, Cash Equivalents, Marketable Securities Chart

Thumzup Media Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.10

0.42

1.16

0.26

Thumzup Media Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								0.53	0.39	0.15	0.26	0.23

Thumzup Media 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.

Thumzup Media (OTCPK:TZUP) 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.

Thumzup Media Cash, Cash Equivalents, Marketable Securities Related Terms

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Thumzup Media (Thumzup Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thumzup Media Corp (OTCPK:TZUP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

11845 West Olympic Boulevard, Suite 1100W No. 13, Los Angeles, CA, USA, 90064

Website

https://www.thumzupmedia.com

Thumzup Media Corp operates in the social media branding and marketing industry. The company operates in a single business segment which is social media marketing. The Thumzup App works on both iPhone and Android mobile operating systems and connects brands and people who use and love these brands. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through Venmo and PayPal.