Gores Guggenheim (Gores Guggenheim) Cash, Cash Equivalents, Marketable Securities : $0.35 Mil (As of Mar. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Gores Guggenheim Cash, Cash Equivalents, Marketable Securities?

Gores Guggenheim's quarterly cash, cash equivalents, marketable securities declined from Sep. 2021 ($0.49 Mil) to Dec. 2021 ($0.30 Mil) but then increased from Dec. 2021 ($0.30 Mil) to Mar. 2022 ($0.35 Mil).

Gores Guggenheim's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.30 Mil).

Gores Guggenheim Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gores Guggenheim'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.

Gores Guggenheim Cash, Cash Equivalents, Marketable Securities Chart

Gores Guggenheim Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.30

Gores Guggenheim Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22
Cash, Cash Equivalents, Marketable Securities	0.33	1.06	0.49	0.30	0.35

Gores Guggenheim 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.

Gores Guggenheim (NAS:GGPI) 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.

Gores Guggenheim Cash, Cash Equivalents, Marketable Securities Related Terms

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

Gores Guggenheim (Gores Guggenheim) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Guggenheim Inc (NAS:GGPI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

6260 Lookout Road, Boulder, CO, USA, 80301

Website

Gores Guggenheim Inc is a blank check company.

Executives

Andrew Rosenfield	director, 10 percent owner	227 W. MONROE STREET, 49TH FLOOR, CHICAGO IL 60606
Nancy Tellem	director	1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009
Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride	officer: CFO & Secretary	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Elizabeth Marcellino	director	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Guggenheim Sponsor Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301
Ggp Sponsor Holdings, Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301
Gg Sponsor, Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301