Tuscan Holdings II (Tuscan Holdings II) Cash And Cash Equivalents : $0.17 Mil (As of Sep. 2022)

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What is Tuscan Holdings II Cash And Cash Equivalents?

Tuscan Holdings II's quarterly cash and cash equivalents declined from Mar. 2022 ($0.23 Mil) to Jun. 2022 ($0.06 Mil) but then increased from Jun. 2022 ($0.06 Mil) to Sep. 2022 ($0.17 Mil).

Tuscan Holdings II's annual cash and cash equivalents increased from Dec. 2019 ($0.42 Mil) to Dec. 2020 ($0.52 Mil) but then declined from Dec. 2020 ($0.52 Mil) to Dec. 2021 ($0.27 Mil).

Tuscan Holdings II Cash And Cash Equivalents Historical Data

The historical data trend for Tuscan Holdings 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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Tuscan Holdings II Cash And Cash Equivalents Chart

Tuscan Holdings II Annual Data

Trend

Dec19

Dec20

Dec21

Cash And Cash Equivalents

0.42

0.52

0.27

Tuscan Holdings II Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.41	0.27	0.23	0.06	0.17

Tuscan Holdings 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.

Tuscan Holdings II (OTCPK:THCA) 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.

Tuscan Holdings II Cash And Cash Equivalents Related Terms

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Tuscan Holdings II (Tuscan Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tuscan Holdings Corp II (OTCPK:THCA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 E. 57th Street, 17th Floor, New York, NY, USA, 10022

Website

Tuscan Holdings Corp II is a blank check company.

Executives

Michael Auerbach	director	158 HESTER STREET, APT 7F, NEW YORK NY 10013
Stephen A Vogel	director, 10 percent owner, officer: Chief Executive Officer	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Richard O. Rieger	officer: Chief Financial Officer	C/O TUSCAN HOLDINGS CORP., 135 E. 57TH ST., 18TH FLOOR, NEW YORK NY 10022
David H Dickstein	director	C/O TUSCAN HOLDINGS CORP. II, 135 E 57TH ST 17TH FL, NEW YORK NY 10022