Corner Growth Acquisition (Corner Growth Acquisition) Cash, Cash Equivalents, Marketable Securities

: $0.02 Mil (As of Dec. 2023)

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Corner Growth Acquisition's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($0.03 Mil) to Sep. 2023 ($0.02 Mil) but then stayed the same from Sep. 2023 ($0.02 Mil) to Dec. 2023 ($0.02 Mil).

Corner Growth Acquisition's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.65 Mil) to Dec. 2022 ($0.03 Mil) and declined from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.02 Mil).

Corner Growth Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Corner Growth 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.

Corner Growth Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

1.92

0.65

0.03

0.02

Corner Growth Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								0.03	0.03	0.03	0.02	0.02

Corner Growth 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.

Corner Growth Acquisition (NAS:COOLU) 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.

Corner Growth Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Corner Growth Acquisition (Corner Growth Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Corner Growth Acquisition Corp (NAS:COOLU) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

COOL:USA

Address

251 Lytton Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.cornergrowth.com

Corner Growth Acquisition Corp is a blank check company.

Executives

Hrt Financial Lp	10 percent owner	3 WORLD TRADE CENTER, 175 GREENWICH STRE, 76TH FLOOR, NEW YORK NY 10007
John J. Cadeddu	director, 10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Alexandre Balkanski	director	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Jason Park	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marvin Tien	director, officer: Chief Executive Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Cga Sponsor, Llc	10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Jane Batzofin	officer: President	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
David Kutcher	officer: Chief Financial Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
John Mulkey	director	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Kevin Tanaka	officer: DCD	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301