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Compass Digital Acquisition (Compass Digital Acquisition) Cash And Cash Equivalents : $0.03 Mil (As of Mar. 2024)


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What is Compass Digital Acquisition Cash And Cash Equivalents?

Compass Digital Acquisition's quarterly cash and cash equivalents declined from Sep. 2023 ($0.45 Mil) to Dec. 2023 ($0.04 Mil) but then stayed the same from Dec. 2023 ($0.04 Mil) to Mar. 2024 ($0.03 Mil).

Compass Digital Acquisition's annual cash and cash equivalents declined from Dec. 2021 ($1.79 Mil) to Dec. 2022 ($0.94 Mil) and declined from Dec. 2022 ($0.94 Mil) to Dec. 2023 ($0.04 Mil).

Compass Digital Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Compass Digital 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.

* Premium members only.

Compass Digital Acquisition Cash And Cash Equivalents Chart

Compass Digital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
1.79 0.94 0.04

Compass Digital Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.62 0.45 0.04 0.03

Compass Digital 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.

Compass Digital Acquisition  (NAS:CDAQ) 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.

Compass Digital Acquisition Cash And Cash Equivalents Related Terms

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Compass Digital Acquisition (Compass Digital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Compass Digital Acquisition Corp (NAS:CDAQ) » Definitions » Cash And Cash Equivalents
Comparable Companies
SKGR PRLH SEDA LOCC JWSM HYAC IVCB BOCN LCAA PLAO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
3626 N Hall Street, Suite 910, Dallas, TX, USA, 75219
Website
https://www.compassdigitalspac.com
Compass Digital Acquisition Corp is a blank check company.
Executives
Hcg Opportunity Mm, Llc 10 percent owner 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Hcg Opportunity, Llc 10 percent owner 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Satish Gupta director 3626 N HALL STREET, #910, DALLAS TX 75219
Kirk Steven Hovde director 1629 COLONIAL PARKWAY, INVERNESS IL 60067
Matthew Schindel director 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Nicholas Boris Geeza officer: Chief Financial Officer 17 BEACH CLUB DRIVE, STATELINE NV 89449
Compass Digital Spac Llc 10 percent owner 3626 N HALL STREET, #910, DALLAS, TX 75219
Anna Brunelle director TIVO INC., 2160 GOLD STREET, ALVISO CA 95002
Thomas D Hennessy director, officer: Chief Executive Officer 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Milton Joseph Beck director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Abidali Neemuchwala director C/O VIRTUSA CORPORATION, 132 TURNPIKE RD, STE. 300, SOUTHBOROUGH MA 01772
Daniel J Hennessy director 10 SOUTH WACKER DRIVE, CHICAGO IL 60606
William Arthur Owens director C/O CENTURYLINK, INC., 100 CENTURYLINK DRIVE, MONROE LA 71203
Jon M. Zieger director 3626 N HALL STREET, #910, DALLAS, TX 75219
Burhan Jaffer officer: Chief Financial Officer 3626 H HALL STREET, #910, DALLAS TX 75219