Tower One Wireless (XCNQ:TO) Cash, Cash Equivalents, Marketable Securities : C$1.11 Mil (As of Sep. 2022)

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What is Tower One Wireless Cash, Cash Equivalents, Marketable Securities?

Tower One Wireless's quarterly cash, cash equivalents, marketable securities increased from Mar. 2022 (C$0.93 Mil) to Jun. 2022 (C$1.57 Mil) but then stayed the same from Jun. 2022 (C$1.57 Mil) to Sep. 2022 (C$1.11 Mil).

Tower One Wireless's annual cash, cash equivalents, marketable securities increased from Dec. 2019 (C$0.06 Mil) to Dec. 2020 (C$0.12 Mil) and increased from Dec. 2020 (C$0.12 Mil) to Dec. 2021 (C$1.06 Mil).

Tower One Wireless Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Tower One Wireless'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.

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Tower One Wireless Cash, Cash Equivalents, Marketable Securities Chart

Tower One Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

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0.28

0.35

0.06

0.12

1.06

Tower One Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.53	1.06	0.93	1.57	1.11

Tower One Wireless 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.

Tower One Wireless (XCNQ:TO) 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.

Tower One Wireless Cash, Cash Equivalents, Marketable Securities Related Terms

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Tower One Wireless (XCNQ:TO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tower One Wireless Corp (XCNQ:TO) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

535 Howe Street, Suite 600, Vancouver, BC, CAN, V6C 2Z4

Website

https://www.toweronewireless.com

Tower One Wireless Corp is a Canada-based company which is a tower owner, operator, and developer of multitenant communications structures. Its primary business is the leasing of space on communications sites to mobile network operators. The company's geographical segments include Argentina; Colombia; Mexico; the United States of America and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company's site leasing business, including the addition of new tenants and equipment on its sites.

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