Intertape Polymer Group (Intertape Polymer Group) Cash, Cash Equivalents, Marketable Securities : $11 Mil (As of Mar. 2022)

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What is Intertape Polymer Group Cash, Cash Equivalents, Marketable Securities?

Intertape Polymer Group's quarterly cash, cash equivalents, marketable securities increased from Sep. 2021 ($7.51 Mil) to Dec. 2021 ($26.29 Mil) but then stayed the same from Dec. 2021 ($26.29 Mil) to Mar. 2022 ($11.35 Mil).

Intertape Polymer Group's annual cash, cash equivalents, marketable securities increased from Dec. 2019 ($7.05 Mil) to Dec. 2020 ($16.47 Mil) and increased from Dec. 2020 ($16.47 Mil) to Dec. 2021 ($26.29 Mil).

Intertape Polymer Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Intertape Polymer Group'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.

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Intertape Polymer Group Cash, Cash Equivalents, Marketable Securities Chart

Intertape Polymer Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

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9.09

18.65

7.05

16.47

26.29

Intertape Polymer Group Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															10.95	15.25	7.51	26.29	11.35

Intertape Polymer Group 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.

Intertape Polymer Group (OTCPK:ITPOF) 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.

Intertape Polymer Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Intertape Polymer Group (Intertape Polymer Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Intertape Polymer Group Inc (OTCPK:ITPOF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

9999 Cavendish Boulevard, Suite 200, St. Laurent, Montreal, QC, CAN, H4M 2X5

Website

https://www.itape.com

Intertape Polymer Group Inc manufactures and sells a variety of packaging products. The firm's primary product categories include tapes, films, and woven coated fabrics. The company's tapes include pressure-sensitive and water-activated carton sealing tapes, and flatback, duct, double coated, foil, electrical, and filament tapes. Intertape's film products include stretch wrap, shrink film, air pillows used for protective packaging, and packaging machines. The woven coated fabrics include building and construction products and specialty fabrics. The majority of revenue comes from the United States.