Financials Acquisition (LSE:FINS) Cash, Cash Equivalents, Marketable Securities : £0.08 Mil (As of Jun. 2023)

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

Financials Acquisition's quarterly cash, cash equivalents, marketable securities stayed the same from . 20 (£0.00 Mil) to . 20 (£0.00 Mil) but then increased from . 20 (£0.00 Mil) to Jun. 2023 (£0.08 Mil).

Financials Acquisition's annual cash, cash equivalents, marketable securities stayed the same from . 20 (£0.00 Mil) to Dec. 2021 (£0.00 Mil) but then increased from Dec. 2021 (£0.00 Mil) to Dec. 2022 (£0.20 Mil).

Financials Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

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

Financials Acquisition Annual Data

Trend

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

0.20

Financials Acquisition Semi-Annual Data
	Jun23
Cash, Cash Equivalents, Marketable Securities	0.08

Financials 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.

Financials Acquisition (LSE:FINS) 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.

Financials Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Financials Acquisition (LSE:FINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Financials Acquisition Corp (LSE:FINS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Conyers Trust Company (Cayman) Ltd, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, CYM, KY1-1111

Website

https://www.finsac.co.uk

Financials Acquisition Corp is a special purpose acquisition company incorporated under the laws of the Cayman Islands as an exempted company limited by shares for the purpose of completing a Business Combination with a company or business operating principally in the insurance or broader financial services industry.