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INSU Acquisition III (INSU Acquisition III) Cash And Cash Equivalents : $0.16 Mil (As of Sep. 2022)


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What is INSU Acquisition III Cash And Cash Equivalents?

INSU Acquisition III's quarterly cash and cash equivalents increased from Mar. 2022 ($0.04 Mil) to Jun. 2022 ($0.15 Mil) and increased from Jun. 2022 ($0.15 Mil) to Sep. 2022 ($0.16 Mil).

INSU Acquisition III's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.54 Mil) but then declined from Dec. 2020 ($0.54 Mil) to Dec. 2021 ($0.22 Mil).

INSU Acquisition III Cash And Cash Equivalents Historical Data

The historical data trend for INSU Acquisition III'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.

INSU Acquisition III Cash And Cash Equivalents Chart

INSU Acquisition III Annual Data
Trend Dec20 Dec21
Cash And Cash Equivalents
0.54 0.22

INSU Acquisition III Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash And Cash Equivalents Get a 7-Day Free Trial 0.10 0.22 0.04 0.15 0.16

INSU Acquisition III 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.

INSU Acquisition III  (NAS:IIII) 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.

INSU Acquisition III Cash And Cash Equivalents Related Terms

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INSU Acquisition III (INSU Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » INSU Acquisition Corp III (NAS:IIII) » 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
INSU Acquisition Corp III is a blank check company.
Executives
Daniel G Cohen director, 10 percent owner 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr. officer: CFO and Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Walter T Beach director 409 SILVERSIDE ROAD, WILMINGTON DE 19809
John C Chrystal director C/O BANCORP, INC., 409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Cohen & Company, Llc 10 percent owner 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19103
John Miles Butler officer: President and CEO 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Sasson Posner director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Sheila Nicoll director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Iii, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Dioptra Advisors Iii, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104