GBRGU (Goldenbridge Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.06 Mil (As of Dec. 2022)

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

Goldenbridge Acquisition's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 ($0.11 Mil) to Sep. 2022 ($0.04 Mil) but then increased from Sep. 2022 ($0.04 Mil) to Dec. 2022 ($0.06 Mil).

Goldenbridge Acquisition's annual cash, cash equivalents, marketable securities increased from Jun. 2020 ($0.08 Mil) to Jun. 2021 ($0.75 Mil) but then declined from Jun. 2021 ($0.75 Mil) to Jun. 2022 ($0.11 Mil).

Goldenbridge Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Goldenbridge 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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Goldenbridge Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Goldenbridge Acquisition Annual Data

Trend

Jun20

Jun21

Jun22

Cash, Cash Equivalents, Marketable Securities

0.08

0.75

0.11

Goldenbridge Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					0.44	0.16	0.11	0.04	0.06

Goldenbridge 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.

Goldenbridge Acquisition (NAS:GBRGU) 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.

Goldenbridge Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Goldenbridge Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Goldenbridge Acquisition Ltd (NAS:GBRGU) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

171-172 Gloucester Road, 15th Floor, Aubin House, Wanchai, Hong Kong, HKG

Website

Goldenbridge Acquisition Ltd is a blank check company.

Executives

Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jining Li	director	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE RD, WANCHAI, HONG KONG F4 00000
Yanhong Xue	officer: Chief Financial Officer	ROOM 801, PLAZA B, YONGHE BUILDING,, NO.28 ANDINGMEN EAST STREET, DONGCHENG D, BEIJING F4 100007
Kinpui Choi	director	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Yongsheng Liu	director, officer: Chief Executive Officer	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, N0. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Ray Lei Chen	officer: Chief Operating Officer	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Claude P. Franco	director	C/O GOLDENBRIDGE ACQUISITION LIMITED, 15/F, AUBIN HOUSE, 171-172 GLOUCESTER RD, WANCHAI K3 00000
Michael E. Chen	director	75 PASTURES LANE, NEW CANAAN CT 06840