MBAC.U (M3 Brigade Acquisition II) Cash And Cash Equivalents : $0.01 Mil (As of Sep. 2023)

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What is M3 Brigade Acquisition II Cash And Cash Equivalents?

M3 Brigade Acquisition II's quarterly cash and cash equivalents declined from Mar. 2023 ($0.64 Mil) to Jun. 2023 ($0.32 Mil) but then stayed the same from Jun. 2023 ($0.32 Mil) to Sep. 2023 ($0.01 Mil).

M3 Brigade Acquisition II's annual cash and cash equivalents increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.99 Mil) but then declined from Dec. 2021 ($0.99 Mil) to Dec. 2022 ($0.13 Mil).

M3 Brigade Acquisition II Cash And Cash Equivalents Historical Data

The historical data trend for M3 Brigade Acquisition II'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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M3 Brigade Acquisition II Cash And Cash Equivalents Chart

M3 Brigade Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.99

0.13

M3 Brigade Acquisition II Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial							0.21	0.13	0.64	0.32	0.01

M3 Brigade Acquisition II 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.

M3 Brigade Acquisition II (NYSE:MBAC.U) 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.

M3 Brigade Acquisition II Cash And Cash Equivalents Related Terms

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M3 Brigade Acquisition II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » M3 Brigade Acquisition II Corp (NYSE:MBAC.U) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Broadway, 19th Floor, New York, NY, USA, 10019

Website

https://www.m3-partners.com

M3 Brigade Acquisition II 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.

Executives

Mohsin Y Meghji	director, 10 percent owner	C/O LOUGHLIN MEGHJI + COMPANY, NEW YORK NY 10016
John Paul Roehm	director	8440 WOODFIELD CROSSING BLVD., SUITE 500, INDIANAPOLIS IN 46240
Garner Charles Hugh Farkas	officer: EVP and Secretary	3 COLUMBUS CIRCLE, NEW YORK NY 10019
William C Gallagher	officer: Executive Vice President	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Dale R Gerard	director	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Frank M Garrison	director	C/O OVERTON CAPITAL LLC, 3100 WEST END AVENUE, SUITE 1230, NASHVILLE TN 37203
M3 Sponsor Ii Lp	10 percent owner	130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
Aaron Yeary	director	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
Steven Vincent	director	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036