TSCHY (Trustco Group Holdings) Cash And Cash Equivalents : $0.93 Mil (As of Feb. 2024)

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What is Trustco Group Holdings Cash And Cash Equivalents?

Trustco Group Holdings's quarterly cash and cash equivalents increased from Feb. 2023 ($0.22 Mil) to Aug. 2023 ($0.60 Mil) and increased from Aug. 2023 ($0.60 Mil) to Feb. 2024 ($0.93 Mil).

Trustco Group Holdings's annual cash and cash equivalents declined from Mar. 2020 ($4.95 Mil) to Aug. 2022 ($0.44 Mil) but then increased from Aug. 2022 ($0.44 Mil) to Aug. 2023 ($0.60 Mil).

Trustco Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Trustco Group Holdings'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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Trustco Group Holdings Cash And Cash Equivalents Chart

Trustco Group Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Aug22

Aug23

Cash And Cash Equivalents

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3.77

9.45

4.95

0.44

0.60

Trustco Group Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.10	0.44	0.22	0.60	0.93

Trustco Group Holdings 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.

Trustco Group Holdings (OTCPK:TSCHY) 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.

Trustco Group Holdings Cash And Cash Equivalents Related Terms

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Trustco Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Trustco Group Holdings Ltd (OTCPK:TSCHY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Keller Street, Eros, P.O. Box 11363, Windhoek, NAM

Website

https://www.tgh.na

Trustco Group Holdings Ltd engages in the provision of financial services. The company's operating segment includes Financial Services and Resources. The Financial Services portfolio earns income from insurance premiums, property sales, rental income, investment property activities, banking and finance activities, interest, fees, and commissions from customers, and tuition income. The Resources portfolio conducts mining operations in Namibia and Sierra Leone. The company earns maximum revenue through Micro-Finance.

Trustco Group Holdings Headlines

From GuruFocus

Trustco to invest hundreds of millions additionally in distance-learning

By PRNewswire PRNewswire • 06-05-2020

Trustco Group Holdings Ltd to Webcast Live at VirtualInvestorConferences.com December 4th

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Trustco Breaks Ground Twice

By PRNewswire PRNewswire • 10-10-2019

Trustco Embraces South African Opportunity

By PRNewswire PRNewswire • 12-09-2019

Trustco Group Holdings' Dr Quinton Van Rooyen Responds To Media Questions

By PRNewswire PRNewswire • 02-24-2020