Tap Global Group (AQSE:TAP) Cash And Cash Equivalents : £1.07 Mil (As of Jun. 2022)

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What is Tap Global Group Cash And Cash Equivalents?

Tap Global Group's quarterly cash and cash equivalents increased from Jun. 2020 (£0.00 Mil) to Jun. 2021 (£2.84 Mil) but then stayed the same from Jun. 2021 (£2.84 Mil) to Jun. 2022 (£1.07 Mil).

Tap Global Group's annual cash and cash equivalents declined from Jun. 2021 (£2.84 Mil) to Jun. 2022 (£1.07 Mil) but then increased from Jun. 2022 (£1.07 Mil) to Jun. 2023 (£2.34 Mil).

Tap Global Group Cash And Cash Equivalents Historical Data

The historical data trend for Tap Global Group'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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Tap Global Group Cash And Cash Equivalents Chart

Tap Global Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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2.84

1.07

2.34

Tap Global Group Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial				-	-	2.84	1.07	2.34

Tap Global Group 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.

Tap Global Group (AQSE:TAP) 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.

Tap Global Group Cash And Cash Equivalents Related Terms

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Tap Global Group (AQSE:TAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tap Global Group Plc (AQSE:TAP) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

8J9:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tap.global

Tap Global Group Plc is a regulated and fully integrated crypto-fiat exchange service provider with an associated neo banking platform. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets and crypto markets. Built on its exchange foundation, the company also offers consumer and corporate crypto-fiat banking services and DeFi yield products.