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SK Growth Opportunities (SK Growth Opportunities) Cash And Cash Equivalents : $0.54 Mil (As of Mar. 2024)


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What is SK Growth Opportunities Cash And Cash Equivalents?

SK Growth Opportunities's quarterly cash and cash equivalents increased from Sep. 2023 ($0.07 Mil) to Dec. 2023 ($0.16 Mil) and increased from Dec. 2023 ($0.16 Mil) to Mar. 2024 ($0.54 Mil).

SK Growth Opportunities's annual cash and cash equivalents increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.52 Mil) but then declined from Dec. 2022 ($0.52 Mil) to Dec. 2023 ($0.16 Mil).

SK Growth Opportunities Cash And Cash Equivalents Historical Data

The historical data trend for SK Growth Opportunities'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.

SK Growth Opportunities Cash And Cash Equivalents Chart

SK Growth Opportunities Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
- 0.52 0.16

SK Growth Opportunities Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only 0.37 0.24 0.07 0.16 0.54

SK Growth Opportunities 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.

SK Growth Opportunities  (NAS:SKGR) 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.

SK Growth Opportunities Cash And Cash Equivalents Related Terms

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SK Growth Opportunities (SK Growth Opportunities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SK Growth Opportunities Corp (NAS:SKGR) » Definitions » Cash And Cash Equivalents
Comparable Companies
CDAQ PRLH SEDA JWSM HYAC IVCB LOCC LCAA BOCN RENE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
228 Park Avenue S, Suite 96693, New York, NY, USA, 10003
Website
https://skgrowthopportunities.com
SK Growth Opportunities Corp is a blank check company. The company was 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
Michael Noonen director C/O 8X8 INC, 2445 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
John A. Boehner director 401 N. MAIN STREET, WINSTON-SALEM NC 27101
Martin J. Payne director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Richard H. Chin director, officer: Chief Executive Officer C/O SK GROWTH, 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Auxo Capital Managers Llc 10 percent owner 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Derek Edward Jensen director, officer: Chief Financial Officer 3979 FREEDOM CIRCLE, SUITE 450, SANTA CLARA CA 95054