Sprint (Sprint) Cash, Cash Equivalents, Marketable Securities : $3,241 Mil (As of Dec. 2019)

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What is Sprint Cash, Cash Equivalents, Marketable Securities?

Sprint's quarterly cash, cash equivalents, marketable securities declined from Jun. 2019 ($4,869.00 Mil) to Sep. 2019 ($4,323.00 Mil) but then stayed the same from Sep. 2019 ($4,323.00 Mil) to Dec. 2019 ($3,241.00 Mil).

Sprint's annual cash, cash equivalents, marketable securities increased from Mar. 2017 ($8,314.00 Mil) to Mar. 2018 ($8,964.00 Mil) but then declined from Mar. 2018 ($8,964.00 Mil) to Mar. 2019 ($7,049.00 Mil).

Sprint Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sprint'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.

Sprint Cash, Cash Equivalents, Marketable Securities Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Cash, Cash Equivalents, Marketable Securities

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4,176.00

2,641.00

8,314.00

8,964.00

7,049.00

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															6,823.00	7,049.00	4,869.00	4,323.00	3,241.00

Sprint 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.

Sprint (NYSE:S) 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.

Sprint Cash, Cash Equivalents, Marketable Securities Related Terms

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Sprint (Sprint) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Sprint Corp (NYSE:S) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.