Sprint (Sprint) Cash And Cash Equivalents : $3,179 Mil (As of Dec. 2019)

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What is Sprint Cash And Cash Equivalents?

Sprint's quarterly cash and cash equivalents declined from Jun. 2019 ($4,869.00 Mil) to Sep. 2019 ($4,262.00 Mil) but then stayed the same from Sep. 2019 ($4,262.00 Mil) to Dec. 2019 ($3,179.00 Mil).

Sprint's annual cash and cash equivalents increased from Mar. 2017 ($2,870.00 Mil) to Mar. 2018 ($6,610.00 Mil) and increased from Mar. 2018 ($6,610.00 Mil) to Mar. 2019 ($6,982.00 Mil).

Sprint Cash And Cash Equivalents Historical Data

The historical data trend for Sprint'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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Sprint Cash And Cash Equivalents Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Cash And Cash Equivalents

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4,010.00

2,641.00

2,870.00

6,610.00

6,982.00

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash And Cash Equivalents	Get a 7-Day Free Trial															6,191.00	6,982.00	4,869.00	4,262.00	3,179.00

Sprint 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.

Sprint (NYSE:S) 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.

Sprint Cash And Cash Equivalents Related Terms

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Sprint (Sprint) Business Description

Industry

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Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.