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AlphaVest Acquisition (AlphaVest Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.03 Mil (As of Dec. 2023)


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What is AlphaVest Acquisition Cash, Cash Equivalents, Marketable Securities?

AlphaVest Acquisition's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 ($0.00 Mil) to Dec. 2022 ($0.66 Mil) but then stayed the same from Dec. 2022 ($0.66 Mil) to Dec. 2023 ($0.03 Mil).

AlphaVest Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2022 ($0.66 Mil) but then declined from Dec. 2022 ($0.66 Mil) to Dec. 2023 ($0.03 Mil).

AlphaVest Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for AlphaVest Acquisition'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.

AlphaVest Acquisition Cash, Cash Equivalents, Marketable Securities Chart

AlphaVest Acquisition Annual Data
Trend Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
0.66 0.03

AlphaVest Acquisition Quarterly Data
Apr22 Sep22 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities - - 0.66 0.03

AlphaVest Acquisition 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.

AlphaVest Acquisition  (NAS:ATMV) 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.

AlphaVest Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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AlphaVest Acquisition (AlphaVest Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AlphaVest Acquisition Corp (NAS:ATMV) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
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Traded in Other Exchanges
N/A
Address
420 Lexington Avenue, Suite 2446, New York, NY, USA, 10170
Website
AlphaVest Acquisition Corp is a blank check company.
Executives
Li (helen) Wei director C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
David Yan director, officer: Chief Executive officer C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Pengfei Zheng director, 10 percent owner C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Alphavest Holding Lp 10 percent owner 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Steve Jing director, officer: Chief Financial Officer C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170
Shu Wang director C/O ALPHAVEST ACQUISITION CORP., 420 LEXINGTON AVE, SUITE 2446, NEW YORK NY 10170