Petra Acquisition (Petra Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.02 Mil (As of Sep. 2021)

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

Petra Acquisition's quarterly cash, cash equivalents, marketable securities declined from Mar. 2021 ($0.39 Mil) to Jun. 2021 ($0.30 Mil) but then stayed the same from Jun. 2021 ($0.30 Mil) to Sep. 2021 ($0.02 Mil).

Petra Acquisition's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to Dec. 2019 ($0.00 Mil) but then increased from Dec. 2019 ($0.00 Mil) to Dec. 2020 ($0.54 Mil).

Petra Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

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

Petra Acquisition Annual Data

Trend

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

0.54

Petra Acquisition Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			3.32	0.54	0.39	0.30	0.02

Petra 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.

Petra Acquisition (NAS:PAICU) 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.

Petra Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Petra Acquisition (Petra Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Petra Acquisition Inc (NAS:PAICU) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 West 21st Street, New York, NY, USA, 10010

Website

Petra Acquisition Inc is a blank check company.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Anthony Hayes	director	1796 SHADY LANE, COLUMBIA SC 29206
Andreas Typaldos	director, 10 percent owner, officer: Chief Executive Officer	40 W 77TH STREET, ., NEW YORK NY 10024
David Dobkin	director	250 W. 55TH ST., #3401, NEW YORK NY 10019
Barry Dennis	director	250 W. 55TH ST., #3401, NEW YORK NY 10019