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Murphy Canyon Acquisition (Murphy Canyon Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.28 Mil (As of Jun. 2023)


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What is Murphy Canyon Acquisition Cash, Cash Equivalents, Marketable Securities?

Murphy Canyon Acquisition's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($0.35 Mil) to Mar. 2023 ($0.09 Mil) but then increased from Mar. 2023 ($0.09 Mil) to Jun. 2023 ($0.28 Mil).

Murphy Canyon Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.05 Mil) and increased from Dec. 2021 ($0.05 Mil) to Dec. 2022 ($0.35 Mil).

Murphy Canyon Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Murphy Canyon 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.

* Premium members only.

Murphy Canyon Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Murphy Canyon Acquisition Annual Data
Trend Dec21 Dec22
Cash, Cash Equivalents, Marketable Securities
0.05 0.35

Murphy Canyon Acquisition Quarterly Data
Nov21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial 0.84 0.73 0.35 0.09 0.28

Murphy Canyon 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.

Murphy Canyon Acquisition  (NAS:MURF) 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.

Murphy Canyon Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Murphy Canyon Acquisition (Murphy Canyon Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Murphy Canyon Acquisition Corp (NAS:MURF) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
4995 Murphy Canyon Road, Suite 300, San Diego, CA, USA, 92123
Website
https://www.murphycanyonac.com
Murphy Canyon Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Knuettel Ii Francis director 205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Adam Sragovicz director, officer: CFO and Treasurer 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Jack Kendrick Heilbron director, officer: CEO, President, and Chairman 16433 BRONCO LANE, POWAY CA 92064
Bentzen Edwin H Iv officer: Chief Accounting Officer 2513 BIRCH HOLLOW ST, HENDERSON NV 89044
Chele Chiavacci Farley director 4 RIDGE ROAD, TUXEDO PARK NY 10987
Richard Edward Feinberg director 2855 FIFTH AVENUE, UNIT 405, SAN DIEGO CA 92103
Murphy Canyon Acquisition Sponsor, Llc 10 percent owner 4995 MURPHY CANYON ROAD, SUITE 300, SAN DIEGO CA 92123