Gores Metropoulos (Gores Metropoulos) Cash And Cash Equivalents : $0.52 Mil (As of Sep. 2020)

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What is Gores Metropoulos Cash And Cash Equivalents?

Gores Metropoulos's quarterly cash and cash equivalents increased from Mar. 2020 ($0.98 Mil) to Jun. 2020 ($1.01 Mil) but then stayed the same from Jun. 2020 ($1.01 Mil) to Sep. 2020 ($0.52 Mil).

Gores Metropoulos's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2018 ($0.05 Mil) and increased from Dec. 2018 ($0.05 Mil) to Dec. 2019 ($1.37 Mil).

Gores Metropoulos Cash And Cash Equivalents Historical Data

The historical data trend for Gores Metropoulos'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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Gores Metropoulos Cash And Cash Equivalents Chart

Gores Metropoulos Annual Data

Trend

Dec18

Dec19

Cash And Cash Equivalents

0.05

1.37

Gores Metropoulos Quarterly Data
	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.45	1.37	0.98	1.01	0.52

Gores Metropoulos 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.

Gores Metropoulos (NAS:GMHI) 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.

Gores Metropoulos Cash And Cash Equivalents Related Terms

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Gores Metropoulos (Gores Metropoulos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Metropoulos Inc (NAS:GMHI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9800 Wilshire Boulevard, Beverly Hills, CA, USA, 90212

Website

https://www.gores.com

Gores Metropoulos Inc is a blank check company 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.