Fortress Capital Acquisition (Fortress Capital Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.09 Mil (As of Sep. 2022)

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What is Fortress Capital Acquisition Cash, Cash Equivalents, Marketable Securities?

Fortress Capital Acquisition's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($0.60 Mil) to Jun. 2022 ($0.14 Mil) but then stayed the same from Jun. 2022 ($0.14 Mil) to Sep. 2022 ($0.09 Mil).

Fortress Capital Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.10 Mil) and increased from Dec. 2020 ($0.10 Mil) to Dec. 2021 ($0.66 Mil).

Fortress Capital Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Fortress Capital 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.

Fortress Capital Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Fortress Capital Acquisition Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.10

0.66

Fortress Capital Acquisition Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.75	0.66	0.60	0.14	0.09

Fortress Capital 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.

Fortress Capital Acquisition (NYSE:FCAX) 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.

Fortress Capital Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Fortress Capital Acquisition (Fortress Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fortress Capital Acquisition Corp (NYSE:FCAX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105

Website

http://www.fortresscapitalac.com

Fortress Capital Acquisition Corp is a blank check company.

Executives

Gary Kalk	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Nierenberg	director, officer: Chief Executive Officer	799 BROADWAY, NEW YORK NY 10003
Principal Holdings I Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Daniel Bass	officer: Chief Financial Officer	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Elizabeth C Fascitelli	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Capital Acquisition Sponsor Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Varun Wadhawan	officer: Chief Operating Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Debra Coleman	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105

Fortress Capital Acquisition (Fortress Capital Acquisition) Headlines

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