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Freedom Acquisition I's quarterly cash and cash equivalents declined from Sep. 2022 ($0.17 Mil) to Dec. 2022 ($0.07 Mil) but then stayed the same from Dec. 2022 ($0.07 Mil) to Mar. 2023 ($0.05 Mil).
Freedom Acquisition I's annual cash and cash equivalents increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.28 Mil) but then declined from Dec. 2021 ($0.28 Mil) to Dec. 2022 ($0.07 Mil).
The historical data trend for Freedom Acquisition I's Cash And Cash Equivalents 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.
Freedom Acquisition I Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Cash And Cash Equivalents | - | 0.28 | 0.07 |
Freedom Acquisition I Quarterly Data | ||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 0.08 | 0.43 | 0.17 | 0.07 | 0.05 |
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.
Freedom Acquisition I (NYSE:FACT) Cash And Cash Equivalents Explanation
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.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of Freedom Acquisition I's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
David John Anderson | director, officer: CMO; EVP Strategic Partnership | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Vikas Desai | officer: President; GM Business Units | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Thurman J Rodgers | director, 10 percent owner | 535 EASTVIEW WAY, WOODSIDE CA 94062 |
William James Anderson | director, officer: Chief Executive Officer | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Arnaud Lepert | officer: Chief Operating Officer | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Devin Whatley | director | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Brian Wuebbels | officer: Chief Financial Officer | C/O MEMC ELECTRONIC MATERIALS, INC., 501 PEARL DRIVE, ST. PETERS MO 63376 |
Ronald J Pasek | director | 101 INNOVATION DRIVE, SAN JOSE CA 95134 |
Antonio R Alvarez | director | 3901 N. FIRST ST., SAN JOSE CA 95134 |
Edward Qiang Zeng | director | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 100005 |
Nell Cady-kruse | director | C/O VARAGON CAPITAL CORPORATION, 299 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10171 |
David Poritz | director | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005 |
Adam Gishen | officer: Chief Executive Officer | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005 |
Freedom Acquisition I Llc | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Tidjane Thiam | director | C/O TWENTY-FIRST CENTURY FOX, INC., NEW YORK NY 10036 |
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