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JOFF Fintech Acquisition (JOFF Fintech Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.21 Mil (As of Sep. 2022)


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What is JOFF Fintech Acquisition Cash, Cash Equivalents, Marketable Securities?

JOFF Fintech Acquisition's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($0.37 Mil) to Jun. 2022 ($0.14 Mil) but then increased from Jun. 2022 ($0.14 Mil) to Sep. 2022 ($0.21 Mil).

JOFF Fintech Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.04 Mil) and increased from Dec. 2020 ($0.04 Mil) to Dec. 2021 ($0.67 Mil).

JOFF Fintech Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

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

JOFF Fintech Acquisition Annual Data
Trend Dec20 Dec21
Cash, Cash Equivalents, Marketable Securities
0.04 0.67

JOFF Fintech Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial 1.30 0.67 0.37 0.14 0.21

JOFF Fintech 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.

JOFF Fintech Acquisition  (NAS:JOFFU) 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.

JOFF Fintech Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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JOFF Fintech Acquisition (JOFF Fintech Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » JOFF Fintech Acquisition Corp (NAS:JOFFU) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
OHPA AGAC FINM HHLA SNRH CTAQ UNEX EPHY PDOT VGII GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY, USA, 10105
Website
https://www.joffspac.com
JOFF Fintech Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
Peter Js Smith officer: Chief Financial Officer PO BOX 364527, SAN JUAN PR 00936-4527
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Joel Leonoff director, 10 percent owner, officer: Chief Executive Officer ORCHID HOUSE PH 9 THE CLIFTONS, EUROPA ROAD, GIBRALTAR J1 -----
Joff Fintech Holdings Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Hillel Frankel director, 10 percent owner, officer: President and Secretary 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Mohammad Fraz Ahmed officer: SVP of Corporate & BD 1410 BERRYTREE DR., SUGARLAND TX 77479
Billy Goldstein director 757 3RD AVENUE, NEW YORK NY 10017
Paul Wharshavsky director 15 WEST 47TH STREET, SUITE 1404, NEW YORK NY 10036
Alok Sama director C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Michelle Ann Gitlitz director 1345 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10105