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FSHP (Flag Ship Acquisition) Cash And Cash Equivalents : $0.00 Mil (As of Sep. 2024)


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What is Flag Ship Acquisition Cash And Cash Equivalents?

Flag Ship Acquisition's quarterly cash and cash equivalents increased from Mar. 2024 ($0.04 Mil) to Jun. 2024 ($0.11 Mil) but then stayed the same from Jun. 2024 ($0.11 Mil) to Sep. 2024 ($0.00 Mil).

Flag Ship Acquisition's annual cash and cash equivalents increased from Dec. 2021 ($0.06 Mil) to Dec. 2022 ($0.18 Mil) but then declined from Dec. 2022 ($0.18 Mil) to Dec. 2023 ($0.12 Mil).

Flag Ship Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Flag Ship 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.

Flag Ship Acquisition Cash And Cash Equivalents Chart

Flag Ship Acquisition Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
- - 0.06 0.18 0.12

Flag Ship Acquisition Quarterly Data
Dec19 Sep20 Dec20 Sep21 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only - 0.12 0.04 0.11 -

Flag Ship 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.

Flag Ship Acquisition  (NAS:FSHP) 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.

Flag Ship Acquisition Cash And Cash Equivalents Related Terms

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Flag Ship Acquisition Business Description

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Address
26 Broadway, Suite 934, New York, NY, USA, 10004
Website
Flag Ship Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.