GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 99 Acquisition Group Inc (NAS:NNAG) » Definitions » Cash And Cash Equivalents

99 Acquisition Group (99 Acquisition Group) Cash And Cash Equivalents : $0.00 Mil (As of Jun. 2023)


View and export this data going back to 2023. Start your Free Trial

What is 99 Acquisition Group Cash And Cash Equivalents?

99 Acquisition Group's quarterly cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2022 ($0.01 Mil) but then stayed the same from Dec. 2022 ($0.01 Mil) to Jun. 2023 ($0.00 Mil).

99 Acquisition Group's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2022 ($0.01 Mil) and increased from Dec. 2022 ($0.01 Mil) to Dec. 2023 ($0.32 Mil).

99 Acquisition Group Cash And Cash Equivalents Historical Data

The historical data trend for 99 Acquisition Group'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.

* Premium members only.

99 Acquisition Group Cash And Cash Equivalents Chart

99 Acquisition Group Annual Data
Trend Dec22 Dec23
Cash And Cash Equivalents
0.01 0.32

99 Acquisition Group Quarterly Data
Dec22 Jun23 Dec23
Cash And Cash Equivalents 0.01 - 0.32

99 Acquisition Group 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.

99 Acquisition Group  (NAS:NNAG) 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.

99 Acquisition Group Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of 99 Acquisition Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

99 Acquisition Group (99 Acquisition Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 99 Acquisition Group Inc (NAS:NNAG) » Definitions » Cash And Cash Equivalents
Comparable Companies
PWUP HWEL BLUA CBRG DPCS CHAA EGGF TGAA PORT CITE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
14 Noblewood Ct,, Gaithersburg, MD, USA, 20878
Website
https://www.99acquisitiongroup.com
99 Acquisition Group Inc is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.