Magnum Opus Acquisition (Magnum Opus Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.52 Mil (As of Mar. 2023)

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What is Magnum Opus Acquisition Cash, Cash Equivalents, Marketable Securities?

Magnum Opus Acquisition's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 ($0.03 Mil) to Dec. 2022 ($0.88 Mil) but then stayed the same from Dec. 2022 ($0.88 Mil) to Mar. 2023 ($0.52 Mil).

Magnum Opus Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.48 Mil) and increased from Dec. 2021 ($0.48 Mil) to Dec. 2022 ($0.88 Mil).

Magnum Opus Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

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

Magnum Opus Acquisition Annual Data

Trend

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

0.48

0.88

Magnum Opus Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				0.08	0.02	0.03	0.88	0.52

Magnum Opus 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.

Magnum Opus Acquisition (NYSE:OPA.U) 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.

Magnum Opus Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Magnum Opus Acquisition (Magnum Opus Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Magnum Opus Acquisition Ltd (NYSE:OPA.U) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

OPA:USA

Address

IBC Tower Three Garden Road, Unit 1009, Central, HKG

Website

Magnum Opus Acquisition Ltd is a blank check company.

Executives

Magnum Opus Sponsors Llc	10 percent owner	UNIT 1009, ICBC TOWER, 3 GARDEN ROAD, HONG KONG K3 00000
Hsieh Wing Hong Sammy	director	15/F， PROSPERITY MILLENNIA PLAZA, 663 KING?S ROAD, QUARRY BAY, HONG KONG K3 00000
Magnum Opus Holdings Llc	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Xing Ling Liu	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Dickson Cheng	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Alexandre Casin	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lin Hou Pu Jonathan	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Frank Han	officer: President	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lee Kevin Ka Man	director, officer: Chief Financial Officer	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000