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Mountain Crest Acquisition (Mountain Crest Acquisition) Cash And Cash Equivalents : $0.24 Mil (As of Sep. 2020)


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What is Mountain Crest Acquisition Cash And Cash Equivalents?

Mountain Crest Acquisition's quarterly cash and cash equivalents increased from Mar. 2020 ($0.03 Mil) to Jun. 2020 ($0.34 Mil) but then stayed the same from Jun. 2020 ($0.34 Mil) to Sep. 2020 ($0.24 Mil).

Mountain Crest Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Mountain Crest Acquisition'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.

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Mountain Crest Acquisition Cash And Cash Equivalents Chart

Mountain Crest Acquisition Annual Data
Trend Dec19
Cash And Cash Equivalents
-

Mountain Crest Acquisition Quarterly Data
Mar20 Jun20 Sep20
Cash And Cash Equivalents 0.03 0.34 0.24

Mountain Crest Acquisition Cash And Cash Equivalents 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.

Mountain Crest Acquisition  (NAS:MCACU) 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.

Mountain Crest Acquisition Cash And Cash Equivalents Related Terms

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Mountain Crest Acquisition (Mountain Crest Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mountain Crest Acquisition Corp (NAS:MCACU) » Definitions » Cash And Cash Equivalents
Comparable Companies
Traded in Other Exchanges
N/A
Address
311 West 43rd Street, 12th Floor, New York, NY, USA, 10036
Website
https://www.mcacquisition.com
Mountain Crest Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Suying Liu director, 10 percent owner, officer: Chief Executive Officer 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Sunlight Global Investment Llc 10 percent owner 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Dong Liu director, 10 percent owner, officer: Chief Financial Officer 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Nelson Haight director 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Todd T. Milbourn director C/O OPPENHEIMER & CO., INC., 85 BROAD STREET, 24TH FLOOR, NEW YORK NY 10004
Wenhua Zhang director 311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036