Lead Edge Growth Opportunities (Lead Edge Growth Opportunities) Cash, Cash Equivalents, Marketable Securities : $0.11 Mil (As of Sep. 2022)

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What is Lead Edge Growth Opportunities Cash, Cash Equivalents, Marketable Securities?

Lead Edge Growth Opportunities's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($0.45 Mil) to Jun. 2022 ($0.18 Mil) but then stayed the same from Jun. 2022 ($0.18 Mil) to Sep. 2022 ($0.11 Mil).

Lead Edge Growth Opportunities's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.59 Mil).

Lead Edge Growth Opportunities Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lead Edge Growth Opportunities'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.

Lead Edge Growth Opportunities Cash, Cash Equivalents, Marketable Securities Chart

Lead Edge Growth Opportunities Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.59

Lead Edge Growth Opportunities Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.81	0.59	0.45	0.18	0.11

Lead Edge Growth Opportunities 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.

Lead Edge Growth Opportunities (NAS:LEGA) 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.

Lead Edge Growth Opportunities Cash, Cash Equivalents, Marketable Securities Related Terms

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Lead Edge Growth Opportunities (Lead Edge Growth Opportunities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lead Edge Growth Opportunities Ltd (NAS:LEGA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

96 Spring Street, 5th Floor, New York, NY, USA, 10012

Website

Lead Edge Growth Opportunities Ltd is a blank check company.

Executives

Margaret C Whitman	director	EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125
Nikhil Ramesh Mehta	director	C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Sydney Carey	director	3303 HILLVIEW AVE., PALO ALTO CA 94304
Russell Fradin	director	C/O DYNAMIC SIGNAL, 1111 BAYHILL DRIVE, SUITE 325, SAN BRUNO CA 94066
Lead Edge Spac Management, Llc	10 percent owner	96 SPRING STREET, 5TH FLOOR, NEW YORK NY 10012
Mitchell H. Green	director, officer: Chief Executive Officer	C/O LEAD EDGE GROWTH, 96 SPRING STREET, 5TH FLOOR, NEW YORK NY 10012
Brian Neider	officer: Chief Operating Officer	C/O LEAD EDGE GROWTH, 96 SPRING STREET, 5TH FLOOR, NEW YORK NY 10012
Nimay Mehta	director, officer: President and CFO	C/O LEAD EDGE GROWTH, 96 SPRING STREET, 5TH FLOOR, NEW YORK NY 10012

Lead Edge Growth Opportunities (Lead Edge Growth Opportunities) Headlines

From GuruFocus

Lead Edge Growth Opportunities, Ltd will redeem its Public Shares

By Business Wire Business Wire • 03-01-2023