Taronis Fuels (Taronis Fuels) Cash, Cash Equivalents, Marketable Securities : $0.21 Mil (As of Sep. 2020)

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What is Taronis Fuels Cash, Cash Equivalents, Marketable Securities?

Taronis Fuels's quarterly cash, cash equivalents, marketable securities declined from Mar. 2020 ($1.25 Mil) to Jun. 2020 ($0.29 Mil) but then stayed the same from Jun. 2020 ($0.29 Mil) to Sep. 2020 ($0.21 Mil).

Taronis Fuels's annual cash, cash equivalents, marketable securities increased from Dec. 2017 ($0.59 Mil) to Dec. 2018 ($1.60 Mil) but then declined from Dec. 2018 ($1.60 Mil) to Dec. 2019 ($0.14 Mil).

Taronis Fuels Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Taronis Fuels'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.

* Premium members only.

Taronis Fuels Cash, Cash Equivalents, Marketable Securities Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Cash, Cash Equivalents, Marketable Securities

0.59

1.60

0.14

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					0.54	0.14	1.25	0.29	0.21

Taronis Fuels 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.

Taronis Fuels (OTCPK:TRNFQ) 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.

Taronis Fuels Cash, Cash Equivalents, Marketable Securities Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director