Greencity Acquisition (Greencity Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.01 Mil (As of Dec. 2022)

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

Greencity Acquisition's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 ($0.01 Mil) to Sep. 2022 ($0.01 Mil) but then stayed the same from Sep. 2022 ($0.01 Mil) to Dec. 2022 ($0.01 Mil).

Greencity Acquisition's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($0.47 Mil) to Dec. 2021 ($0.06 Mil) and declined from Dec. 2021 ($0.06 Mil) to Dec. 2022 ($0.01 Mil).

Greencity Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Greencity 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.

Greencity Acquisition Cash, Cash Equivalents, Marketable Securities Chart

Greencity Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

0.05

0.47

0.06

0.01

Greencity Acquisition Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										0.06	0.01	0.01	0.01	0.01

Greencity 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.

Greencity Acquisition (OTCPK:GRCYF) 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.

Greencity Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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Greencity Acquisition (Greencity Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Greencity Acquisition Corp (OTCPK:GRCYF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

GRYUF:USA

Address

505 Eshan Road, Floor 6, Pudong New District, Shanghai, CHN, 200120

Website

Greencity Acquisition Corp is a blank check company.

Executives

Hudson Bay Capital Management Lp	10 percent owner	28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber	10 percent owner	C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Lawrence Feis	10 percent owner	190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611
Feis Equities Llc	10 percent owner	20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Lei Wang	director	2609 MONTE CRESTA DRIVE, BELMONT CA 94002
Cynthia Management Corp	10 percent owner	SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000
Jianmin Yu	10 percent owner, officer: CFO	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jinlong Liu	director, 10 percent owner	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Chao Liu	director	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Ming Zhang	officer: CEO	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Yong Li	director	100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017