TNET (Trinet Group) Cash And Cash Equivalents : $360 Mil (As of Dec. 2024)

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What is Trinet Group Cash And Cash Equivalents?

Trinet Group's quarterly cash and cash equivalents increased from Jun. 2024 ($177.00 Mil) to Sep. 2024 ($251.00 Mil) and increased from Sep. 2024 ($251.00 Mil) to Dec. 2024 ($360.00 Mil).

Trinet Group's annual cash and cash equivalents declined from Dec. 2022 ($354.00 Mil) to Dec. 2023 ($287.00 Mil) but then increased from Dec. 2023 ($287.00 Mil) to Dec. 2024 ($360.00 Mil).

Trinet Group Cash And Cash Equivalents Historical Data

The historical data trend for Trinet Group'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.

* Premium members only.

Trinet Group Cash And Cash Equivalents Chart

Trinet Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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301.00

612.00

354.00

287.00

360.00

Trinet Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															287.00	298.00	177.00	251.00	360.00

Trinet Group 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.

Trinet Group (NYSE:TNET) 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.

Trinet Group Cash And Cash Equivalents Related Terms

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Trinet Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (NYSE:TNET) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

Trinet Group Inc outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Executives

Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Kelly L Tuminelli	officer: EVP & CHIEF FINANCIAL OFFICER	TRINET GROUP, INC., ONE PARK PLACE, STE 600, DUBLIN CA 94568
Samantha Wellington	officer: SVP, CLO & SECRETARY	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Alexander G. Warren	officer: SVP, CHIEF REVENUE OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Burton M. Goldfield	director, officer: PRESIDENT, CEO and DIRECTOR	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Wayne B Lowell	director	3061 ZANKER ROAD, SAN JOSE CA 95134
Ralph A. Clark	director	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
L.p. Agi-t,	director, 10 percent owner	40 MORRIS AVENUE, BRYN MAWR PA 19010
Jonathan D. Lee	officer: PRINCIPAL ACCOUNTING OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Jayaraman Venkataramani	officer: CHIEF DIGITAL & INNOV OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
H Raymond Bingham	director	2655 SEELY AVE, SAN JOSE CA 95134
Martin Babinec	director	TRINET GROUP INC., ONE PARK PLACE., STE. 600, DUBLIN CA 94568
Olivier Kohler	officer: SVP, CHIEF OPERATING OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Myrna Soto	director	ONE ENERGY PLAZA, JACKSON MI 49201
Katherine August-dewilde	director	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568