VEEE (Twin Vee PowerCats Co) Cash And Cash Equivalents : $7.49 Mil (As of Dec. 2024)

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What is Twin Vee PowerCats Co Cash And Cash Equivalents?

Twin Vee PowerCats Co's quarterly cash and cash equivalents declined from Jun. 2024 ($13.93 Mil) to Sep. 2024 ($11.15 Mil) but then stayed the same from Sep. 2024 ($11.15 Mil) to Dec. 2024 ($7.49 Mil).

Twin Vee PowerCats Co's annual cash and cash equivalents declined from Dec. 2022 ($23.50 Mil) to Dec. 2023 ($16.50 Mil) and declined from Dec. 2023 ($16.50 Mil) to Dec. 2024 ($7.49 Mil).

Twin Vee PowerCats Co Cash And Cash Equivalents Historical Data

The historical data trend for Twin Vee PowerCats 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.

* Premium members only.

Twin Vee PowerCats Co Cash And Cash Equivalents Chart

Twin Vee PowerCats Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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0.89

6.98

23.50

16.50

7.49

Twin Vee PowerCats Co 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															16.50	16.14	13.93	11.15	7.49

Twin Vee PowerCats 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.

Twin Vee PowerCats Co (NAS:VEEE) 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.

Twin Vee PowerCats Co Cash And Cash Equivalents Related Terms

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Twin Vee PowerCats Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Twin Vee PowerCats Co (NAS:VEEE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 South US-1, Fort Pierce, FL, USA, 34982

Website

https://www.twinvee.com

Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers. It has organized its business into three operating segments: The gas-powered boat segment, which manufactures and distributes gas-powered boats; The electric-powered boat segment, which is developing fully electric boats, through its controlling interest subsidiary, and its franchise segment, which is developing a standard product offering and will be selling franchises across the United States through its wholly-owned subsidiary.

Executives

Joseph C Visconti	director, 10 percent owner, officer: CEO and President	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach	director	3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson	officer: Chief Financial Officer	5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross	director	C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett	officer: Chief Financial Officer	3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough	director, officer: Vice President	3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin	director	3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton	officer: Chief Engineer	3101 S. US-1, FT. PIERCE FL 34982