Starry Group Holdings (Starry Group Holdings) Cash, Cash Equivalents, Marketable Securities : $29.38 Mil (As of Sep. 2022)

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What is Starry Group Holdings Cash, Cash Equivalents, Marketable Securities?

Starry Group Holdings's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($166.69 Mil) to Jun. 2022 ($99.68 Mil) but then stayed the same from Jun. 2022 ($99.68 Mil) to Sep. 2022 ($29.38 Mil).

Starry Group Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2019 ($76.88 Mil) to Dec. 2020 ($25.59 Mil) but then increased from Dec. 2020 ($25.59 Mil) to Dec. 2021 ($29.38 Mil).

Starry Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Starry Group Holdings'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.

Starry Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Starry Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

76.88

25.59

29.38

Starry Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					42.16	29.38	166.69	99.68	29.38

Starry Group Holdings 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.

Starry Group Holdings (OTCPK:STRYQ) 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.

Starry Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Starry Group Holdings (Starry Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Starry Group Holdings Inc (OTCPK:STRYQ) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Chauncy Street, Suite 200, Boston, MA, USA, 02111

Website

https://www.starry.com

Starry Group Holdings Inc is connecting people and communities to high-speed, broadband internet using innovative, wideband hybrid-fiber fixed wireless technology. It is deploying gigabit-capable broadband to the home without bundles, data caps, or long-term contracts. The company is building a platform for the future by putting customers first, protecting privacy, ensuring access to an open and neutral net, and making affordable connectivity and digital equity a priority.

Executives

Tiger Global Management Llc	10 percent owner	9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Michael Pasciak	officer: See Remarks	C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Coleman Charles P Iii	10 percent owner	C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Pip Management Ix, Ltd.	10 percent owner	C/O TIGER GLOBAL PERFORMANCE, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Pip Performance Ix, L.p.	10 percent owner	C/O TIGER GLOBAL PERFORMANCE, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Tiger Global Private Investment Partners Ix, L.p.	10 percent owner	C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Scott L Shleifer	10 percent owner	C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Firstmark Horizon Sponsor Llc	director, 10 percent owner	100 5TH AVE, 3RD FLOOR, NEW YORK NY 10011
Amish A Jani	director, 10 percent owner
Richard R Heitzmann	director, 10 percent owner	500 NYALA FARM ROAD, WESTPORT CT 06880
James Chiddix	director	C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 33408
Joseph T Lipowski	officer: See Remarks	C/O LOJACK CORPORATION, 200 LOWDERBROOK DRIVE, SUITE 1000, WESTWOOD MA 02090
William J Lundregan	officer: See Remarks	C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Jeremy R Mackechnie	officer: See Remarks	C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111
Alexis Cedric Moulle-berteaux	officer: See Remarks	C/O STARRY GROUP HOLDINGS, INC., 38 CHAUNCY STREET, SUITE 200, BOSTON MA 02111