Mag Mile Capital (Mag Mile Capital) Cash, Cash Equivalents, Marketable Securities : $0.01 Mil (As of Mar. 2024)

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What is Mag Mile Capital Cash, Cash Equivalents, Marketable Securities?

Mag Mile Capital's quarterly cash, cash equivalents, marketable securities declined from Jul. 2023 ($0.17 Mil) to Dec. 2023 ($0.06 Mil) but then stayed the same from Dec. 2023 ($0.06 Mil) to Mar. 2024 ($0.01 Mil).

Mag Mile Capital's annual cash, cash equivalents, marketable securities stayed the same from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($0.00 Mil) but then increased from Jul. 2022 ($0.00 Mil) to Dec. 2023 ($0.06 Mil).

Mag Mile Capital Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Mag Mile Capital'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.

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Mag Mile Capital Cash, Cash Equivalents, Marketable Securities Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.06

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						-	0.16	0.17	0.06	0.01

Mag Mile Capital 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.

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital Cash, Cash Equivalents, Marketable Securities Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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