Tess Holdings Co (Tess Holdings Co) Cash And Cash Equivalents : $168.22 Mil (As of Mar. 2024)

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What is Tess Holdings Co Cash And Cash Equivalents?

Tess Holdings Co's quarterly cash and cash equivalents increased from Sep. 2023 ($178.40 Mil) to Dec. 2023 ($186.05 Mil) but then stayed the same from Dec. 2023 ($186.05 Mil) to Mar. 2024 ($168.22 Mil).

Tess Holdings Co's annual cash and cash equivalents declined from Jun. 2021 ($236.46 Mil) to Jun. 2022 ($168.71 Mil) and declined from Jun. 2022 ($168.71 Mil) to Jun. 2023 ($108.65 Mil).

Tess Holdings Co Cash And Cash Equivalents Historical Data

The historical data trend for Tess Holdings Co'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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Tess Holdings Co Cash And Cash Equivalents Chart

Tess Holdings Co Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

73.55

106.77

236.46

168.71

108.65

Tess Holdings Co Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial											116.04	108.65	178.40	186.05	168.22

Tess Holdings Co 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.

Tess Holdings Co (OTCPK:TSSHF) 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.

Tess Holdings Co Cash And Cash Equivalents Related Terms

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Tess Holdings Co (Tess Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tess Holdings Co Ltd (OTCPK:TSSHF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

5074:Japan

Address

6-1-1 Nishinakajima, Yodogawa-ku, Shin-Osaka Prime Tower, Osaka, JPN, 532-0011

Website

https://www.tess-hd.co.jp

Tess Holdings Co Ltd is engaged in the development and electricity sales of renewable power plants and power retailing business. Further, it is also involved in the operation and maintenance of cogeneration and other environmental energy-saving systems.

Tess Holdings Co (Tess Holdings Co) Headlines

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