Tennant Co (Tennant Co) Cash, Cash Equivalents, Marketable Securities : $117 Mil (As of Dec. 2023)

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What is Tennant Co Cash, Cash Equivalents, Marketable Securities?

Tennant Co's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($95.80 Mil) to Sep. 2023 ($97.00 Mil) and increased from Sep. 2023 ($97.00 Mil) to Dec. 2023 ($116.90 Mil).

Tennant Co's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($123.10 Mil) to Dec. 2022 ($77.20 Mil) but then increased from Dec. 2022 ($77.20 Mil) to Dec. 2023 ($116.90 Mil).

Tennant Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Tennant Co'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.

Tennant Co Cash, Cash Equivalents, Marketable Securities Chart

Tennant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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74.10

140.40

123.10

77.20

116.90

Tennant Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															77.20	91.40	95.80	97.00	116.90

Tennant Co 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.

Tennant Co (NYSE:TNC) 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.

Tennant Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Tennant Co (Tennant Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tennant Co (NYSE:TNC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

TN1:Germany

Address

10400 Clean Street, Eden Prairie, MN, USA, 55344

Website

https://www.tennantco.com

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

Executives

Kristin A. Stokes	officer: Interim General Counsel	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Donal L Mulligan	director	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Steven Alan Sonnenberg	director	EMERSON PROCESS MANAGEMENT - ROSEMOUNT, 8200 MARKET BOULEVARD, CHANHASSEN MN 55317
David W. Huml	officer: Sr. VP, Global Marketing	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Richard H. Zay	officer: Senior VP, The Americas	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Carol E. Mcknight	officer: Senior VP and CAO	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Azita Arvani	director	1522 LOMA DRIVE, HERMOSA BEACH CA 90254
Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Andrew P. Hider	director	10400 CLEAN STREET, EDEN PRARIE MN 55344
Chris Killingstad	director, officer: President and CEO	C/O TENNANT COMPANY, 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Fay West	officer: Senior VP, CFO	1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Barb Balinski	officer: SVP, Innovation & Technology	10400 CLEAN STREET, EDEN PRAIRIE MN 55344
Timothy R. Morse	director	C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089
David S Wichmann	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
Daniel E. Glusick	officer: SVP, Operations	10400 CLEAN STREET, EDEN PRAIRIE MN 55344-2650