RCLFU (Rosecliff Acquisition I) Cash, Cash Equivalents, Marketable Securities : $0.41 Mil (As of Jun. 2023)

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What is Rosecliff Acquisition I Cash, Cash Equivalents, Marketable Securities?

Rosecliff Acquisition I's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($0.79 Mil) to Mar. 2023 ($0.54 Mil) but then stayed the same from Mar. 2023 ($0.54 Mil) to Jun. 2023 ($0.41 Mil).

Rosecliff Acquisition I's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.77 Mil) and increased from Dec. 2021 ($0.77 Mil) to Dec. 2022 ($0.79 Mil).

Rosecliff Acquisition I Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Rosecliff Acquisition I'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.

Rosecliff Acquisition I Cash, Cash Equivalents, Marketable Securities Chart

Rosecliff Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

0.77

0.79

Rosecliff Acquisition I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					0.23	0.52	0.79	0.54	0.41

Rosecliff Acquisition I 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.

Rosecliff Acquisition I (NAS:RCLFU) 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.

Rosecliff Acquisition I Cash, Cash Equivalents, Marketable Securities Related Terms

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Rosecliff Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rosecliff Acquisition Corp I (NAS:RCLFU) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 5th Avenue, 34th Floor, New York, NY, USA, 10153

Website

https://www.rosecliffspac.com

Rosecliff Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
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
Brian J Radecki	director	C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Jordan Zimmerman	director, officer: President	2200 W. COMMERCIAL BLVD., 3RD FLOOR, FORT LAUDERDALE FL 33309
Kieran Goodwin	director, officer: Chief Financial Officer	925 PARK AVENUE 11B, NEW YORK NY 10028
Rosecliff Acquisition Sponsor I Llc	director, 10 percent owner, officer: Chief Executive Officer	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Edmonds Franklin S. Jr.	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Heather Bellini	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Michael Patrick Murphy	10 percent owner	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153