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Trine II Acquisition (Trine II Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.55 Mil (As of Dec. 2022)


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What is Trine II Acquisition Cash, Cash Equivalents, Marketable Securities?

Trine II Acquisition's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 ($1.22 Mil) to Sep. 2022 ($0.93 Mil) but then stayed the same from Sep. 2022 ($0.93 Mil) to Dec. 2022 ($0.55 Mil).

Trine II Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2021 ($1.79 Mil) but then declined from Dec. 2021 ($1.79 Mil) to Dec. 2022 ($0.55 Mil).

Trine II Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Trine II 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.

* Premium members only.

Trine II Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Trine II Acquisition Annual Data
Trend Dec21 Dec22
Cash, Cash Equivalents, Marketable Securities
1.79 0.55

Trine II Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial 1.79 1.69 1.22 0.93 0.55

Trine II 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.

Trine II Acquisition  (NYSE:TRAQ) 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.

Trine II Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Trine II Acquisition (Trine II Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine II Acquisition Corp (NYSE:TRAQ) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
228 Park Avenue South, Suite 63482, New York, NY, USA, 10003
Website
https://www.trineacquisitioncorp.com
Trine II Acquisition Corp is a blank check company.
Executives
Brian Deevy director C/O TICKETMASTER, 8800 WEST SUNSET BLVD., WEST HOLLYWOOD CA 90069
Hindery Leo J. Jr. director, 10 percent owner C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Josephine Linden director 6601 SOUTH BERMUDA ROAD, LAS VEGAS NV 89119
Mark J Coleman officer: EVP and General Counsel 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Pierre M. Henry director, 10 percent owner, officer: Chief Executive Officer 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Ric Fulop director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
James Moran director 4538 S. 140TH ST., OMAHA NE 68137
Robin Trine Ii Llc 10 percent owner 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Acanthis Master, Llc 10 percent owner 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Jamie R Seltzer director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Jason Kay director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
David Dodson director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Richard Adam Miller officer: EVP and CFO 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174