Tingo Group (Tingo Group) Cash, Cash Equivalents, Marketable Securities : $53 Mil (As of Sep. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Tingo Group Cash, Cash Equivalents, Marketable Securities?

Tingo Group's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($780.15 Mil) to Jun. 2023 ($53.20 Mil) but then increased from Jun. 2023 ($53.20 Mil) to Sep. 2023 ($53.42 Mil).

Tingo Group's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($29.05 Mil) to Dec. 2021 ($96.62 Mil) and increased from Dec. 2021 ($96.62 Mil) to Dec. 2022 ($500.32 Mil).

Tingo Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Tingo 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.

* Premium members only.

Tingo Group Cash, Cash Equivalents, Marketable Securities Chart

Tingo Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

2.17

3.15

29.05

96.62

500.32

Tingo Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															68.35	500.32	780.15	53.20	53.42

Tingo 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.

Tingo Group (OTCPK:TIOG) 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.

Tingo Group Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Tingo Group's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Tingo Group (Tingo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tingo Group Inc (OTCPK:TIOG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 West Grand Avenue, Suite 3, Montvale, NJ, USA, 07645

Website

https://www.tingogroup.com

Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.

Executives

Tingo, Inc.	10 percent owner	11650 SOUTH STATE STREET, SUITE 240, DRAPER UT 84020
David Trippier	director	28 WEST GRAND AVENUE, SUITE 3, MONTVALE NJ 07645
Amran Shamian Moran Rachel	officer: Controller	28 WEST GRAND AVENUE, SUITE 3, MONTVALE NJ 07645
John Mcmillan Scott	director	22 CLAY HAYES, CHELFORD, CHESHIRE X0 SK119ST
John J Brown	director	1450 BOOT RD BLDG 400, ROM TECH INC, WEST CHESTER PA 19380
Jamal Khurshid	director	BEAMS END, OLD BRIGHTON ROAD, PEASE POTTAGE X0 RH11 9AJ
Kenneth I Denos	director	10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095
Kevin Hao Chen	officer: CFO	28 WEST GRAND AVENUE, SUITE 3, MONTVALE NY 07645
Darren Mercer	director	28 WEST GRAND AVENUE STE 3, MONTVALE NJ 07645
Robert John Benton	director	28 WEST GRAND AVENUE, SUITE 3, MONTVALE NJ 07645
Jeffrey P. Bialos	director	C/O MICRONET ENERTEC TECHNOLOGIES, INC., 70 KINDERKAMACK ROAD, EMERSON NJ 07630
David Lucatz	director, 10 percent owner, officer: CEO and President	C/O MICRONET ENERTEC TECHNOLOGIES, INC., 70 KINDERKAMACK ROAD, EMERSON NJ 07630
Simon Erroll Prior-palmer	10 percent owner	19 EARLS COURT GARDENS, LONDON X0 SW5 0SZ
Technology Plc Bnn	10 percent owner	FIRST FLOOR, MALLORY HOUSE, GOOSTREY WAY, KNUTSFORD X0 WA16 7GY
Oren Harari	officer: Chief Financial Officer	28 WEST GRAND AVENUE, SUITE 3, MONTVALE NJ 07645