Silver Crest Acquisition (Silver Crest Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.04 Mil (As of Jun. 2022)

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What is Silver Crest Acquisition Cash, Cash Equivalents, Marketable Securities?

Silver Crest Acquisition's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.38 Mil) to Mar. 2022 ($0.14 Mil) but then stayed the same from Mar. 2022 ($0.14 Mil) to Jun. 2022 ($0.04 Mil).

Silver Crest Acquisition'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 ($0.38 Mil).

Silver Crest Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

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

Silver Crest Acquisition Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.38

Silver Crest Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.74	0.58	0.38	0.14	0.04

Silver Crest 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.

Silver Crest Acquisition (NAS:SLCR) 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.

Silver Crest Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Silver Crest Acquisition (Silver Crest Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Silver Crest Acquisition Corp (NAS:SLCR) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Place, Central, Suite 3501, 35th Floor, Jardine House, Hong Kong, HKG

Website

https://www.silvercrestacq.com

Silver Crest Acquisition Corp is a blank check company.

Executives

Silver Crest Management Llc	10 percent owner	1 CONNAUGHT PLACE, SUITE 3501, CENTRAL K3 00000
Andy D Bryant	director	INTEL CORPORATION- ATTN: GENERAL COUNCEL, 2200 MISSION COLLEDGE BOULEVARD, SANTA CLARA CA 95052
Steeve Hagege	director	C/O SILVERCREST, 1 CONNAUGHT PLACE, SUITE 3501, CENTRAL K3 00000
Ho Cheung	director, officer: Chief Executive Officer	C/O SILVERCREST, 1 CONNAUGHT PLACE, SUITE 3501, CENTRAL K3 00000
Wei Long	director	C/O SILVERCREST, 1 CONNAUGHT PLACE, SUITE 3501, CENTRAL, HONG KONG K3 000000
Liang Meng	director, officer: Chairman	C/O SILVERCREST, 1 CONNAUGHT PLACE, SUITE 3501, CENTRAL K3 00000
Mei Tong	director	C/O SILVERCREST, 1 CONNAUGHT PLACE, SUITE 3501, CENTRAL K3 00000
Christopher Lawrence	director, officer: Vice Chairman	C/O SILVERCREST, 1 CONNAUGHT PLACE, SUITE 3501, CENTRAL K3 00000

Silver Crest Acquisition (Silver Crest Acquisition) Headlines

From GuruFocus

Silver Crest Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on March 8, 2021

By PRNewswire PRNewswire • 03-08-2021