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Aequi Acquisition (Aequi Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.08 Mil (As of Mar. 2023)


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What is Aequi Acquisition Cash, Cash Equivalents, Marketable Securities?

Aequi Acquisition's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($0.19 Mil) to Dec. 2022 ($0.17 Mil) but then stayed the same from Dec. 2022 ($0.17 Mil) to Mar. 2023 ($0.08 Mil).

Aequi Acquisition's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($1.35 Mil) to Dec. 2021 ($0.75 Mil) and declined from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($0.17 Mil).

Aequi Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Aequi 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.

* Premium members only.

Aequi Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Aequi Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Cash, Cash Equivalents, Marketable Securities
1.35 0.75 0.17

Aequi Acquisition Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.48 0.37 0.19 0.17 0.08

Aequi 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.

Aequi Acquisition  (NAS:ARBG) 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.

Aequi Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Aequi Acquisition (Aequi Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aequi Acquisition Corp (NAS:ARBG) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
ASPC PAQC BLTS NOAC PTIC SCUA BHAC BOAS WWAC DAOO GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
500 West Putnam Avenue, Suite 400, Greenwich, CT, USA, 06830
Website
Aequi Acquisition Corp is a blank check company. It is 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
Susan Hassan director, officer: Chief Operating Officer 500 WEST PUTNAM AVENUE, SUITE 400, GREENWICH CT 06830
Merline Saintil director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Roy Swan director 75 WEST 125TH STREET, NEW YORK NY 10027
Hope S Taitz director, 10 percent owner, officer: Chief Executive Officer C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Jason Scheir director GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE, 12TH FLOOR, NEW YORK NY 10171
Emil K. Woods director C/O CEDAR HILL CAPITAL PARTNERS, LLC, 445 PARK AVE., 5TH FLOOR, NEW YORK NY 10022
Aequi Sponsor Llc 10 percent owner 9 DAVIS DRIVE, ARMONK NY 10504
Joy Seppala director, officer: Chief Financial Officer 500 WEST PUTNAM AVENUE, SUITE 400, GREENWICH CT 06830
Fatou Sagnang director 500 WEST PUTNAM AVENUE, SUITE 400, GREENWICH CT 06830