TURB (Turbo Energy) Cash, Cash Equivalents, Marketable Securities : $2.55 Mil (As of Dec. 2024)

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What is Turbo Energy Cash, Cash Equivalents, Marketable Securities?

Turbo Energy's quarterly cash, cash equivalents, marketable securities declined from Dec. 2023 ($2.91 Mil) to Jun. 2024 ($2.21 Mil) but then increased from Jun. 2024 ($2.21 Mil) to Dec. 2024 ($2.55 Mil).

Turbo Energy's annual cash, cash equivalents, marketable securities increased from Dec. 2022 ($0.53 Mil) to Dec. 2023 ($2.91 Mil) but then declined from Dec. 2023 ($2.91 Mil) to Dec. 2024 ($2.55 Mil).

Turbo Energy Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Turbo Energy'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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Turbo Energy Cash, Cash Equivalents, Marketable Securities Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash, Cash Equivalents, Marketable Securities

0.70

0.53

2.91

2.55

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.53	0.54	2.91	2.21	2.55

Turbo Energy 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.

Turbo Energy (NAS:TURB) 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.

Turbo Energy Cash, Cash Equivalents, Marketable Securities Related Terms

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Turbo Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turbo Energy SA (NAS:TURB) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

X8WA:Germany

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.