Taubman Centers (Taubman Centers) Cash, Cash Equivalents, Marketable Securities : $256.51 Mil (As of Sep. 2020)

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What is Taubman Centers Cash, Cash Equivalents, Marketable Securities?

Taubman Centers's quarterly cash, cash equivalents, marketable securities declined from Mar. 2020 ($395.07 Mil) to Jun. 2020 ($240.81 Mil) but then increased from Jun. 2020 ($240.81 Mil) to Sep. 2020 ($256.51 Mil).

Taubman Centers's annual cash, cash equivalents, marketable securities increased from Dec. 2017 ($42.50 Mil) to Dec. 2018 ($48.37 Mil) and increased from Dec. 2018 ($48.37 Mil) to Dec. 2019 ($102.76 Mil).

Taubman Centers Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Taubman Centers'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.

Taubman Centers Cash, Cash Equivalents, Marketable Securities Chart

Taubman Centers Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash, Cash Equivalents, Marketable Securities

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206.64

40.60

42.50

48.37

102.76

Taubman Centers Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															62.57	102.76	395.07	240.81	256.51

Taubman Centers 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.

Taubman Centers (NYSE:TCOpJ.PFD) 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.

Taubman Centers Cash, Cash Equivalents, Marketable Securities Related Terms

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Taubman Centers (Taubman Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Taubman Centers Inc (NYSE:TCOpJ.PFD) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

200 East Long Lake Road, Suite 300, Bloomfield Hills, MI, USA, 48304-2324

Website

http://www.taubman.com

Taubman Centers Inc is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of shopping centers. The company owns or operates a collection of over 20 urban and suburban shopping centers in U.S. states, Puerto Rico, South Korea, and China. Some of the operating malls of the group are Cherry Creek Shopping center, City Creek Center, Dolphin Mall, Fair Oaks Mall, and Stamford Town Center. Taubman derives its revenue by offering its properties on lease.