African Gold Acquisition (African Gold Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.43 Mil (As of Mar. 2022)

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What is African Gold Acquisition Cash, Cash Equivalents, Marketable Securities?

African Gold Acquisition's quarterly cash, cash equivalents, marketable securities declined from Sep. 2021 ($0.93 Mil) to Dec. 2021 ($0.54 Mil) but then stayed the same from Dec. 2021 ($0.54 Mil) to Mar. 2022 ($0.43 Mil).

African Gold Acquisition's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.54 Mil).

African Gold Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for African Gold Acquisition's Cash, Cash Equivalents, Marketable Securities 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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African Gold Acquisition Cash, Cash Equivalents, Marketable Securities Chart

African Gold Acquisition Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.54

African Gold Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			1.50	1.25	0.93	0.54	0.43

African Gold Acquisition Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

African Gold Acquisition (OTCPK:AGAUF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

African Gold Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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African Gold Acquisition (African Gold Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » African Gold Acquisition Corp (OTCPK:AGAUF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

322 West 52nd Street, Suite 2322, New York, NY, USA, 10019-9998

Website

https://www.africangoldcorp.com

African Gold Acquisition Corp is a blank check company.

Executives

Zolani Kgosietsile Matthews	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Robert B Hersov	director	NETJETS EUROPE, LTD., GRUNDSTRASSE 12, ROTKREUZ V8 6343
Izak Marais	officer: Chief Operating Officer	322 WEST 52ND STREET UNIT 2322, NEW YORK NY 10019
Michael Rawlinson	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Bradley Doig	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Koosum Kalyan	director	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
African Gold Acquisition Sponsor Llc	10 percent owner	322 WEST 52ND STREET, 2322, NEW YORK NY 10019
Morgenthau Cooper	director, officer: Chief Financial Officer	322 WEST 52ND STREET, #2322, NEW YORK NY 10019-9998
Christopher Damon Chadwick	director, officer: Chief Executive Officer	322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Brian Hinchcliffe	director	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172

African Gold Acquisition (African Gold Acquisition) Headlines

From GuruFocus

African Gold Acquisition Corporation Makes Major Announcements

By PurpleRose PurpleRose • 08-26-2022