TIRX (Tian Ruixiang Holdings) Cash, Cash Equivalents, Marketable Securities : $27.46 Mil (As of Apr. 2024)

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What is Tian Ruixiang Holdings Cash, Cash Equivalents, Marketable Securities?

Tian Ruixiang Holdings's quarterly cash, cash equivalents, marketable securities declined from Apr. 2023 ($35.92 Mil) to Oct. 2023 ($26.80 Mil) but then increased from Oct. 2023 ($26.80 Mil) to Apr. 2024 ($27.46 Mil).

Tian Ruixiang Holdings's annual cash, cash equivalents, marketable securities declined from Oct. 2021 ($30.02 Mil) to Oct. 2022 ($26.18 Mil) but then increased from Oct. 2022 ($26.18 Mil) to Oct. 2023 ($26.80 Mil).

Tian Ruixiang Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Tian Ruixiang Holdings's Cash, Cash Equivalents, Marketable Securities 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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Tian Ruixiang Holdings Cash, Cash Equivalents, Marketable Securities Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash, Cash Equivalents, Marketable Securities

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6.24

6.14

30.02

26.18

26.80

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									29.02	26.18	35.92	26.80	27.46

Tian Ruixiang Holdings Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Tian Ruixiang Holdings (NAS:TIRX) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Tian Ruixiang Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Tian Ruixiang Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.