UP Fintech Holding (MEX:TIGR) Cash And Cash Equivalents : MXN8,466 Mil (As of Sep. 2024)

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What is UP Fintech Holding Cash And Cash Equivalents?

UP Fintech Holding's quarterly cash and cash equivalents increased from Mar. 2024 (MXN5,955.95 Mil) to Jun. 2024 (MXN7,191.15 Mil) and increased from Jun. 2024 (MXN7,191.15 Mil) to Sep. 2024 (MXN8,465.88 Mil).

UP Fintech Holding's annual cash and cash equivalents declined from Dec. 2021 (MXN5,519.46 Mil) to Dec. 2022 (MXN5,413.28 Mil) but then increased from Dec. 2022 (MXN5,413.28 Mil) to Dec. 2023 (MXN5,475.89 Mil).

UP Fintech Holding Cash And Cash Equivalents Historical Data

The historical data trend for UP Fintech Holding's Cash And Cash Equivalents 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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UP Fintech Holding Cash And Cash Equivalents Chart

UP Fintech Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,120.45

1,584.46

5,519.46

5,413.28

5,475.89

UP Fintech Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															4,707.68	5,475.89	5,955.95	7,191.15	8,465.88

UP Fintech Holding Cash And Cash Equivalents 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.

UP Fintech Holding (MEX:TIGR) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

UP Fintech Holding Cash And Cash Equivalents Related Terms

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UP Fintech Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UP Fintech Holding Ltd (MEX:TIGR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TIGR:USA 1M5:Germany

Address

No. 16 Taiyanggong Middle Road, 18th Floor, Grandyvic Building, No. 1 Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.itiger.com

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.