Silver Spike III Acquisition (NEOE:SPKC.U) Cash And Cash Equivalents : $0.09 Mil (As of Mar. 2023)

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What is Silver Spike III Acquisition Cash And Cash Equivalents?

Silver Spike III Acquisition's quarterly cash and cash equivalents increased from Sep. 2022 ($0.44 Mil) to Dec. 2022 ($0.45 Mil) but then stayed the same from Dec. 2022 ($0.45 Mil) to Mar. 2023 ($0.09 Mil).

Silver Spike III Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.77 Mil) but then declined from Dec. 2021 ($0.77 Mil) to Dec. 2022 ($0.45 Mil).

Silver Spike III Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Silver Spike III 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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Silver Spike III Acquisition Cash And Cash Equivalents Chart

Silver Spike III Acquisition Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

0.77

0.45

Silver Spike III Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.64	0.50	0.44	0.45	0.09

Silver Spike III 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.

Silver Spike III Acquisition (NEOE:SPKC.U) 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.

Silver Spike III Acquisition Cash And Cash Equivalents Related Terms

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Silver Spike III Acquisition (NEOE:SPKC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Silver Spike III Acquisition Corp (NEOE:SPKC.U) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

660 Madison Avenue, Suite 1600, New York, NY, USA, 10065

Website

https://www.silverspikecap.com

Silver Spike III Acquisition Corp is a special purpose acquisition corporation. The Corporation continues to search for target businesses with a focus on the cannabis sector and related industries such as consumer packaged goods, health & wellness, technology, pharmaceuticals, manufacturing, distribution, logistics, and brand management.

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