Track Group (Track Group) Cash, Cash Equivalents, Marketable Securities : $3.65 Mil (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Track Group Cash, Cash Equivalents, Marketable Securities?

Track Group's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($4.06 Mil) to Dec. 2023 ($3.73 Mil) but then stayed the same from Dec. 2023 ($3.73 Mil) to Mar. 2024 ($3.65 Mil).

Track Group's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($8.42 Mil) to Sep. 2022 ($5.31 Mil) and declined from Sep. 2022 ($5.31 Mil) to Sep. 2023 ($4.06 Mil).

Track Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Track Group'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.

Track Group Cash, Cash Equivalents, Marketable Securities Chart

Track Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

6.90

6.76

8.42

5.31

4.06

Track Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															4.02	3.82	4.06	3.73	3.65

Track Group 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.

Track Group (OTCPK:TRCK) 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.

Track Group Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Track Group's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Track Group (Track Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Track Group Inc (OTCPK:TRCK) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

G7F2:Germany

Address

200 E. 5th Avenue, Suite 100, Naperville, IL, USA, 60563

Website

https://www.trackgrp.com

Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.

Executives

Conrent Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Matthew J. Swando	officer: CHIEF REVENUE OFFICER	C/O TRACK GROUP, INC., 200 E 5TH AVE, SUITE 100, NAPERVILLE IL 60563
Karim Sehnaoui	director	57 ROUTE DE CHENE, GENEVA V8 1208
Derek Cassell	officer: Chief Executive Officer	200 E. 5TH AVE., SUITE 100, NAPERVILLE IL 60563
Van Daele Dirk Karel	director	BERGSTRASSE 6, HORGEN V8 CH8810
Peter K Poli	officer: CHIEF FINANCIAL OFFICER	1215 W. LAKEVIEW COURT, ROMEOVILLE IL 60446
Ray O Johnson	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Charles Eric Rosenblum	director	405 SOUTH MAIN STREET, SUITE 700, SALT LAKE CITY UT 84111
Karen M Macleod	director	C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563
John R Merrill	officer: Chief Financial Officer	4222 HILLTOP DRIVE, PARK CITY UT 84098
Sapinda Asia Ltd	10 percent owner	8TH FLOOR, HANG SENG BANK BUILDING, 200 HENNESSEY ROAD, WANCHAI, HONG KONG K3 00000
Safety Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Winfried Kunz	director	AM GASTEIG 9, TRAUBING 2M 82327
Guy Dubois	director, 10 percent owner	C/O POLLEKE III, SEESTRASSE 227, KILCHBERG V8 CH8802
Lars Windhorst	10 percent owner	C/O SAPINDA ASIA LTD, RMS 803-4, 8TH FLR, HANG SENG WANCHAI BLDG, 200 HENNESY ROAD, WANCHAI K3 999077