ScION Tech Growth II (ScION Tech Growth II) Cash, Cash Equivalents, Marketable Securities : $0.62 Mil (As of Sep. 2022)

View and export this data going back to 2021. Start your Free Trial

What is ScION Tech Growth II Cash, Cash Equivalents, Marketable Securities?

ScION Tech Growth II's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($0.83 Mil) to Jun. 2022 ($0.71 Mil) but then stayed the same from Jun. 2022 ($0.71 Mil) to Sep. 2022 ($0.62 Mil).

ScION Tech Growth II's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.89 Mil).

ScION Tech Growth II Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ScION Tech Growth II'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.

ScION Tech Growth II Cash, Cash Equivalents, Marketable Securities Chart

ScION Tech Growth II Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.89

ScION Tech Growth II Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.93	0.89	0.83	0.71	0.62

ScION Tech Growth II 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.

ScION Tech Growth II (NAS:SCOB) 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.

ScION Tech Growth II Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of ScION Tech Growth II's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

ScION Tech Growth II (ScION Tech Growth II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ScION Tech Growth II (NAS:SCOB) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Queen Street Place, 2nd Floor, London, GBR, EC4R 1BE

Website

ScION Tech Growth II is a blank check company.

Executives

Kunal Gullapalli	officer: Chief Financial Officer	66 CROSBY ST 5E, NEW YORK NY 10012
Andrea Pignataro	director, 10 percent owner, officer: Executive Chairman	MINERVA HOUSE 4TH FLOOR DUBLIN 4, SIMMONSCOURT ROAD, DUBLIN K6 D04H9P8
Kenneth T Schiciano	director	125 HIGH ST STE 2500, BOSTON MA 02110
Sheila Hooda	director	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Edward Alexander Triplett	officer: Chief Financial Officer	10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE
Mathew Judd Cestar	director, officer: Chief Executive Officer	10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE
John Louis Woyton	director	PARK CORNER HOUSE, BASINGSTOKE ROAD, HECKFIELD, LONDON X0 RG270LJ
Scion 2 Sponsor Llc	director, 10 percent owner	10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE

ScION Tech Growth II (ScION Tech Growth II) Headlines

No Headlines