Tix (TIXC) Cash And Cash Equivalents : $0.91 Mil (As of Sep. 2020)

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What is Tix Cash And Cash Equivalents?

Tix's quarterly cash and cash equivalents increased from Mar. 2020 ($1.08 Mil) to Jun. 2020 ($1.57 Mil) but then stayed the same from Jun. 2020 ($1.57 Mil) to Sep. 2020 ($0.91 Mil).

Tix's annual cash and cash equivalents declined from Dec. 2017 ($5.13 Mil) to Dec. 2018 ($3.87 Mil) and declined from Dec. 2018 ($3.87 Mil) to Dec. 2019 ($2.25 Mil).

Tix Cash And Cash Equivalents Historical Data

The historical data trend for Tix'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.

* Premium members only.

Tix Cash And Cash Equivalents Chart

Tix Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash And Cash Equivalents

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7.92

7.34

5.13

3.87

2.25

Tix Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.49	2.25	1.08	1.57	0.91

Tix 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.

Tix (OTCPK:TIXC) 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.

Tix Cash And Cash Equivalents Related Terms

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Tix (TIXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tix Corp (OTCPK:TIXC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

731 Pilot Road, Suite A, Las Vegas, NV, USA, 89119

Website

http://www.tixcorp.com

Tix Corp is an entertainment company. It is engaged in providing discount ticketing and discount dining and shopping products. Through its subsidiaries, the company offers sale discount tickets to Las Vegas shows and discounted dining at various restaurants surrounding the Las Vegas Strip and downtown.

Executives

Mitch Francis	director, 10 percent owner, officer: Chief Executive Officer	12001 VENTURA PLACE SUITE 340 STUDIO CITY CA 91604
Kimberly Sue Simon	officer: Chief Operating Officer	C/O LOEB & LOEB LLP 10100 SANTA MONICA BLVD #2200 LOS ANGELES CA 90067-4164
Benjamin Frankel	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Norman Feirstein	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Sam Georges	director	930 SOUTH ANDREAN DRIVE, SUITE H ESCONDIDO CA 92029
Andy Pells	director	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Steve Handy	officer: Chief Financial Officer	8228 SUNSET BLVD., LOS ANGELES CA 90046
Joseph B Marsh	10 percent owner, other: consultant	605 SURFSIDE DRIVE AKRON OH 44317
Iqbal Ashraf	10 percent owner	201 S. LAKE AVENUE SUITE 603 PASADENA CA 91101
Richard Kam	officer: Vice President - Finance	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Matt Natalizio	officer: CFO	11726 SAN VICENTE BLVD., SUITE 650, LOS ANGELES CA 90049
Gray Gerry	10 percent owner	4118 SUNDANCE DRIVE SUN PEAKS A1 V0E1Z1