Jackson Acquisition Co (Jackson Acquisition Co) Cash And Cash Equivalents : $0.13 Mil (As of Mar. 2023)

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What is Jackson Acquisition Co Cash And Cash Equivalents?

Jackson Acquisition Co's quarterly cash and cash equivalents declined from Sep. 2022 ($0.60 Mil) to Dec. 2022 ($0.31 Mil) but then stayed the same from Dec. 2022 ($0.31 Mil) to Mar. 2023 ($0.13 Mil).

Jackson Acquisition Co's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2021 ($1.92 Mil) but then declined from Dec. 2021 ($1.92 Mil) to Dec. 2022 ($0.31 Mil).

Jackson Acquisition Co Cash And Cash Equivalents Historical Data

The historical data trend for Jackson Acquisition Co'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.

Jackson Acquisition Co Cash And Cash Equivalents Chart

Jackson Acquisition Co Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

1.92

0.31

Jackson Acquisition Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.88	0.67	0.60	0.31	0.13

Jackson Acquisition Co 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.

Jackson Acquisition Co (NYSE:RJAC) 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.

Jackson Acquisition Co Cash And Cash Equivalents Related Terms

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Jackson Acquisition Co (Jackson Acquisition Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jackson Acquisition Co (NYSE:RJAC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2655 Northwinds Parkway, Alpharetta, GA, USA, 30009

Website

https://www.jacksonacquisitions.com

Jackson Acquisition Co is a blank check company.

Executives

David A Perdue	director
Marilyn B Tavenner	director	13600 BUTLERS ROAD, AMELIA COURT HOUSE VA 23002
Richard Lee Jackson	director, 10 percent owner, officer: President and CEO	2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Carlos A Migoya	director	1301 CONCORD TERRACE, SUNRISE FL 33323
John Ellis Bush	director	1200 ANASTASIA, SUITE 500, CORAL GABLES FL 33134
Douglas B Kline	officer: CFO and Treasurer	C/O JACKSON ACQUISITION COMPANY, 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Rj Healthcare Spac, Llc	10 percent owner	C/O JACKSON ACQUISITION COMPANY, 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009

Jackson Acquisition Co (Jackson Acquisition Co) Headlines

From GuruFocus

Jackson Acquisition Company Announces It Will Redeem its Public Shares

By Business Wire Business Wire • 05-10-2023