8i Acquisition 2 (8i Acquisition 2) Cash And Cash Equivalents : $0.19 Mil (As of Jul. 2022)

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What is 8i Acquisition 2 Cash And Cash Equivalents?

8i Acquisition 2's quarterly cash and cash equivalents declined from Jan. 2022 ($0.59 Mil) to Apr. 2022 ($0.55 Mil) but then stayed the same from Apr. 2022 ($0.55 Mil) to Jul. 2022 ($0.19 Mil).

8i Acquisition 2's annual cash and cash equivalents stayed the same from . 20 ($0.00 Mil) to Jul. 2021 ($0.00 Mil) but then increased from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($0.19 Mil).

8i Acquisition 2 Cash And Cash Equivalents Historical Data

The historical data trend for 8i Acquisition 2's Cash And Cash Equivalents 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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8i Acquisition 2 Cash And Cash Equivalents Chart

8i Acquisition 2 Annual Data

Trend

Jul21

Jul22

Cash And Cash Equivalents

0.19

8i Acquisition 2 Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	-	0.59	0.55	0.19

8i Acquisition 2 Cash And Cash Equivalents 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.

8i Acquisition 2 (NAS:LAX) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

8i Acquisition 2 Cash And Cash Equivalents Related Terms

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8i Acquisition 2 (8i Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 8i Acquisition 2 Corp (NAS:LAX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o 6 Eu Tong Sen Street, No. 08-13, Singapore, SGP, 059817

Website

8i Acquisition 2 Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Chen Wei Wen Kelvin	director, officer: CHIEF EXECUTIVE OFFICER	C/O 1 PEMIMPIN DRIVE #12-07,, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Alfred Lim	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Kim Hing Chan	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
David Francis Capes	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Daniel Tan	officer: CHIEF TECHNOLOGY OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Steven John Sobak	officer: CHIEF FINANCIAL OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Lim Thien Su Gerald	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Alexander K. Arrow	director	PO BOX 3094, REDWOOD CITY CA 94064
Tan Meng Dong (james)	director, 10 percent owner, officer: Chief Executive Officer	UNIT 2003 KINGKEY 100, TOWER B, 5015 SHENNAN EAST ROAD, LUOHU DISTRICT, SHENZHEN/GUANGDONG F4 518000
Kwong Yeow Liew	director	RM 2313-2315, BLOCK B, ZHONGSHEN GARDEN, SHENZHEN F4 518101
Yap Guan Hong William	director, officer: Chief Financial Officer	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
Ajay Rajpal	director	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
8i Holdings 2 Pte Ltd	10 percent owner	C/O 6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817