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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Cash And Cash Equivalents : $0.11 Mil (As of Sep. 2022)


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What is FTAC Parnassus Acquisition Cash And Cash Equivalents?

FTAC Parnassus Acquisition's quarterly cash and cash equivalents declined from Mar. 2022 ($0.40 Mil) to Jun. 2022 ($0.17 Mil) but then stayed the same from Jun. 2022 ($0.17 Mil) to Sep. 2022 ($0.11 Mil).

FTAC Parnassus Acquisition's annual cash and cash equivalents stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.81 Mil).

FTAC Parnassus Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for FTAC Parnassus 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.

FTAC Parnassus Acquisition Cash And Cash Equivalents Chart

FTAC Parnassus Acquisition Annual Data
Trend Dec20 Dec21
Cash And Cash Equivalents
- 0.81

FTAC Parnassus Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash And Cash Equivalents Get a 7-Day Free Trial 1.06 0.81 0.40 0.17 0.11

FTAC Parnassus 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.

FTAC Parnassus Acquisition  (NAS:FTPAW) 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.

FTAC Parnassus Acquisition Cash And Cash Equivalents Related Terms

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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Parnassus Acquisition Corp (NAS:FTPAW) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Parnassus Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.