Tucows (TSX:TC) Cash And Cash Equivalents : C$101.9 Mil (As of Sep. 2024)

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What is Tucows Cash And Cash Equivalents?

Tucows's quarterly cash and cash equivalents declined from Mar. 2024 (C$90.14 Mil) to Jun. 2024 (C$53.83 Mil) but then increased from Jun. 2024 (C$53.83 Mil) to Sep. 2024 (C$101.88 Mil).

Tucows's annual cash and cash equivalents increased from Dec. 2021 (C$11.65 Mil) to Dec. 2022 (C$31.92 Mil) and increased from Dec. 2022 (C$31.92 Mil) to Dec. 2023 (C$124.35 Mil).

Tucows Cash And Cash Equivalents Historical Data

The historical data trend for Tucows'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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Tucows Cash And Cash Equivalents Chart

Tucows Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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26.86

10.65

11.65

31.92

124.35

Tucows 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															149.84	124.35	90.14	53.83	101.88

Tucows 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.

Tucows (TSX:TC) 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.

Tucows Cash And Cash Equivalents Related Terms

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Tucows Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tucows Inc (TSX:TC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TCX:USA 0LH4:UK

Address

96 Mowat Avenue, Toronto, ON, CAN, M6K 3M1

Website

https://www.tucows.com

Tucows Inc is a corporate parent, allocating capital and providing efficient shared services to its three businesses. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services through an Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Ting, Wavelo, and Tucows Domains. It generates the majority of its revenue from Tucows Domains.

Executives

Elliot Lawrence Noss	Director, Senior Officer
Investmentaktiengesellschaft Für Langfristige Investoren Tgv	10% Security Holder
Robin Chase	Director
David John Woroch	Senior Officer
Bret Fausett	Senior Officer
Jessica Johannson	Senior Officer
Justin Reilly	Senior Officer
Jeffrey Schwartz	Director
Michael Goldstein	Senior Officer
Rawleigh Hazen Ralls	Director