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GX Acquisition II (GX Acquisition II) Cash, Cash Equivalents, Marketable Securities : $0.00 Mil (As of Dec. 2022)


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What is GX Acquisition II Cash, Cash Equivalents, Marketable Securities?

GX Acquisition II's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 ($0.19 Mil) to Sep. 2022 ($0.01 Mil) but then stayed the same from Sep. 2022 ($0.01 Mil) to Dec. 2022 ($0.00 Mil).

GX Acquisition II's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.73 Mil) but then declined from Dec. 2021 ($0.73 Mil) to Dec. 2022 ($0.00 Mil).

GX Acquisition II Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for GX Acquisition II'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.

GX Acquisition II Cash, Cash Equivalents, Marketable Securities Chart

GX Acquisition II Annual Data
Trend Dec20 Dec21 Dec22
Cash, Cash Equivalents, Marketable Securities
- 0.73 -

GX Acquisition II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only 0.73 0.31 0.19 0.01 -

GX Acquisition II 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.

GX Acquisition II  (NAS:GXIIU) 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.

GX Acquisition II Cash, Cash Equivalents, Marketable Securities Related Terms

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GX Acquisition II (GX Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GX Acquisition Corp II (NAS:GXIIU) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
1325 Avenue of the Americas, 28th Floor, New York, NY, USA, 10019
Website
GX Acquisition Corp II is a blank check company.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Marc Mazur director 31 WEST 52ND ST. 17TH FLOOR, NEW YORK NY 10019
Dean C Kehler director, 10 percent owner, officer: Co-CEO and Co-Chairman C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Jay R Bloom director, 10 percent owner, officer: Co-CEO and Co-Chairman C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Andrea J. Kellett officer: Chief Financial Officer 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Michael G Maselli officer: President 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Hillel Weinberger director 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
James W Harpel director C/O PALM BEACH CAPITAL, 525 SOUTH FLAGLER DRIVE, SUITE 201, WEST PALM BEACH FL 33401
Gx Sponsor Ii Llc 10 percent owner 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Arthur D. Baer officer: Vice President 30 WEST 63RD. STREET, APT. #3J, NEW YORK NY 10023
Jordan S. Bloom officer: Vice President 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019