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Avalon Acquisition (Avalon Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.11 Mil (As of Mar. 2023)


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What is Avalon Acquisition Cash, Cash Equivalents, Marketable Securities?

Avalon Acquisition's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($0.37 Mil) to Dec. 2022 ($0.32 Mil) but then stayed the same from Dec. 2022 ($0.32 Mil) to Mar. 2023 ($0.11 Mil).

Avalon Acquisition's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($0.01 Mil) to Dec. 2021 ($1.04 Mil) but then declined from Dec. 2021 ($1.04 Mil) to Dec. 2022 ($0.32 Mil).

Avalon Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Avalon 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.

Avalon Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Avalon Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Cash, Cash Equivalents, Marketable Securities
0.01 1.04 0.32

Avalon Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.53 0.37 0.32 0.11

Avalon 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.

Avalon Acquisition  (NAS:AVAC) 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.

Avalon Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Avalon Acquisition (Avalon Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Avalon Acquisition Inc (NAS:AVAC) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
ISLE IFIN WAVC TRCA IQMD FRW SHCA OCA BIOT DWIN GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2 Embarcadero Center, 8th Floor, San Francisco, CA, USA, 94111
Website
https://www.avalonspac.com
Avalon Acquisition Inc is a blank check company.
Executives
Stuart H Bohart director C/O OMAM INC., 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Klinck John L. Jr. director C/O STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Donald H Putnam director, 10 percent owner, officer: Executive Chairman
Steven M Gluckstern director C/O AAMES FINANCIAL CORP, 350 S GRAND AVE 52ND FL, LOS ANGELES CA 90071-3406
John Griff officer: President 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Douglas C. Mangini director 10 INDIAN TERRACE, LOCUST NJ 07760
Craig S. Cognetti director, 10 percent owner, officer: Chief Executive Officer 2 14TH STREET APT 233, HOBOKEN NJ 07030
Rei-rung Rachel Hsu officer: Chief Financial Officer 3555 BLAIR CIR NE, BROOKHAVEN GA 30319
Avalon Acquisition Holdings Llc 10 percent owner 2 EMBARCADERO CENTER, FLOOR 8, SAN FRANCISCO CA 94111