FTAC Zeus Acquisition (FTAC Zeus Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.21 Mil (As of Jun. 2023)

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What is FTAC Zeus Acquisition Cash, Cash Equivalents, Marketable Securities?

FTAC Zeus Acquisition's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($0.56 Mil) to Mar. 2023 ($0.03 Mil) but then increased from Mar. 2023 ($0.03 Mil) to Jun. 2023 ($0.21 Mil).

FTAC Zeus Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2021 ($3.47 Mil) but then declined from Dec. 2021 ($3.47 Mil) to Dec. 2022 ($0.56 Mil).

FTAC Zeus Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for FTAC Zeus 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.

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FTAC Zeus Acquisition Cash, Cash Equivalents, Marketable Securities Chart

FTAC Zeus Acquisition Annual Data

Trend

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

3.47

0.56

FTAC Zeus Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					1.83	1.13	0.56	0.03	0.21

FTAC Zeus 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.

FTAC Zeus Acquisition (NAS:ZING) 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.

FTAC Zeus Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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FTAC Zeus Acquisition (FTAC Zeus Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Zeus Acquisition Corp (NAS:ZING) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Zeus Acquisition Corp is a blank check company.

Executives

Daniel G Cohen	director, 10 percent owner	712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr.	officer: CFO and Secretary	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Ryan Mark Gilbert	director, 10 percent owner, officer: President and CEO	2201 BROADWAY STE 705, OAKLAND CA 94612
Lynn Eisenhart	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Zeus Sponsor Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Zeus Advisors Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Stephen E Lefkovits	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Rochael S Adranly	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Volker G Berl	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104