TORM (TOR Minerals International) Cash And Cash Equivalents : $3.61 Mil (As of Dec. 2017)

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What is TOR Minerals International Cash And Cash Equivalents?

TOR Minerals International's quarterly cash and cash equivalents increased from Dec. 2015 ($0.81 Mil) to Dec. 2016 ($3.72 Mil) but then stayed the same from Dec. 2016 ($3.72 Mil) to Dec. 2017 ($3.61 Mil).

TOR Minerals International's annual cash and cash equivalents increased from Dec. 2015 ($0.81 Mil) to Dec. 2016 ($3.72 Mil) but then declined from Dec. 2016 ($3.72 Mil) to Dec. 2017 ($3.61 Mil).

TOR Minerals International Cash And Cash Equivalents Historical Data

The historical data trend for TOR Minerals International'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.

TOR Minerals International Cash And Cash Equivalents Chart

TOR Minerals International Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash And Cash Equivalents

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2.92

2.66

0.81

3.72

3.61

TOR Minerals International Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.92	2.66	0.81	3.72	3.61

TOR Minerals International 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.

TOR Minerals International (OTCPK:TORM) 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.

TOR Minerals International Cash And Cash Equivalents Related Terms

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TOR Minerals International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOR Minerals International Inc (OTCPK:TORM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

711 N. Carancahua Street, Suite 1750, Corpus Christi, TX, USA, 78401

Website

https://www.torminerals.com

TOR Minerals International Inc is engaged in the manufacture and sale of mineral products for use as pigments and extenders, majorly in the manufacture of paints, industrial coatings plastics, and solid surface applications. It has a business presence in the U.S., Pacific Rim; Canada, Mexico and South/Central America; Europe, Africa and the Middle East countries. Some of its products are Aluprem, Hitox and Tioprem, BARTEX and Haltex, among others.

Executives

Steven E Paulson	director	722 BURLESON STREET, CORPUS CHRISTI TX 78402
Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503

TOR Minerals International Headlines

From GuruFocus

TOR Minerals International Inc Reports Operating Results (10-Q)

By gurufocus • 05-12-2009

TOR Minerals International Inc Reports Operating Results (10-Q)

By gurufocus 10qk • 05-05-2010

TOR Minerals International Appoints James Roecker Vice Chairman And CEO

By PRNewswire PRNewswire • 01-14-2020