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Pine Island Acquisition (Pine Island Acquisition) Cash And Cash Equivalents : $0.13 Mil (As of Jun. 2022)


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What is Pine Island Acquisition Cash And Cash Equivalents?

Pine Island Acquisition's quarterly cash and cash equivalents increased from Dec. 2021 ($0.02 Mil) to Mar. 2022 ($0.05 Mil) and increased from Mar. 2022 ($0.05 Mil) to Jun. 2022 ($0.13 Mil).

Pine Island Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.40 Mil) but then declined from Dec. 2020 ($0.40 Mil) to Dec. 2021 ($0.02 Mil).

Pine Island Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Pine Island 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.

Pine Island Acquisition Cash And Cash Equivalents Chart

Pine Island Acquisition Annual Data
Trend Dec20 Dec21
Cash And Cash Equivalents
0.40 0.02

Pine Island Acquisition Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash And Cash Equivalents Get a 7-Day Free Trial 0.08 0.01 0.02 0.05 0.13

Pine Island 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.

Pine Island Acquisition  (NYSE:PIPP) 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.

Pine Island Acquisition Cash And Cash Equivalents Related Terms

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Pine Island Acquisition (Pine Island Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Island Acquisition Corp (NYSE:PIPP) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
2455 E. Sunrise Boulevard, Suite 1205, Fort Lauderdale, FL, USA, 33304
Website
https://www.pineislandac.com
Pine Island Acquisition Corp is a blank check company.
Executives
Michael E Roemer director AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270
John A Thain director, officer: Chairman of the Board C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Bridge Charles G Jr officer: CFO and Secretary 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Capricia P Marshall director 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Philip A Cooper director, officer: CEO and President 2455 E. SUNRISE BLVD, SUITE 1205, FORT LAUDERDALE FL 33304
Pine Island Sponsor Llc 10 percent owner 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Stuart W Holliday director 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304