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AF Acquisition (AF Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.07 Mil (As of Sep. 2022)


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

AF Acquisition's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($0.40 Mil) to Jun. 2022 ($0.01 Mil) but then increased from Jun. 2022 ($0.01 Mil) to Sep. 2022 ($0.07 Mil).

AF Acquisition's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.78 Mil).

AF Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for AF 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.

AF Acquisition Cash, Cash Equivalents, Marketable Securities Chart

AF Acquisition Annual Data
Trend Dec21
Cash, Cash Equivalents, Marketable Securities
0.78

AF Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial 0.92 0.78 0.40 0.01 0.07

AF 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.

AF Acquisition  (NAS:AFAQU) 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.

AF Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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AF Acquisition (AF Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AF Acquisition Corp (NAS:AFAQU) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
139 North County Road, Floor 2, Suite 35, Palm Beach, FL, USA, 33480
Website
https://www.afacq.com
AF Acquisition Corp is a blank check company.
Executives
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Mary Fox director TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Christopher Bradley officer: CFO & Secretary 650 5TH AVENUE, FLOOR 10, NEW YORK NY 10019
Jordan Gaspar director, 10 percent owner, officer: Chief Executive Officer 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Andrew Scharf director, 10 percent owner, officer: Chairman, President 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Nola Weinstein director 139 NORTH COUNTY ROAD FLOOR 2, SUITE 35, PALM BEACH FL 33480
Af Sponsor Llc 10 percent owner 139 NORTH COUNTY ROAD, FLOOR 2, SUITE 35, PALM BEACH FL 33480