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DUET Acquisition (DUET Acquisition) Cash And Cash Equivalents : $0.02 Mil (As of Mar. 2024)


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What is DUET Acquisition Cash And Cash Equivalents?

DUET Acquisition's quarterly cash and cash equivalents declined from Sep. 2023 ($0.17 Mil) to Dec. 2023 ($0.09 Mil) but then stayed the same from Dec. 2023 ($0.09 Mil) to Mar. 2024 ($0.02 Mil).

DUET Acquisition's annual cash and cash equivalents increased from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.03 Mil) and increased from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.09 Mil).

DUET Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for DUET Acquisition'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.

DUET Acquisition Cash And Cash Equivalents Chart

DUET Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
0.03 0.03 0.09

DUET Acquisition Quarterly Data
Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.06 0.17 0.09 0.02

DUET Acquisition 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.

DUET Acquisition  (NAS:DUET) 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.

DUET Acquisition Cash And Cash Equivalents Related Terms

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DUET Acquisition (DUET Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » DUET Acquisition Corp (NAS:DUET) » Definitions » Cash And Cash Equivalents
Comparable Companies
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Traded in Other Exchanges
N/A
Address
V03, Lingkaran SV, Sunway Velocity, V03-11-02, Designer Office, Kuala Lumpur, MYS, 55100
Website
https://www.duet-corp.com
DUET Acquisition Corp is a blank check company.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Duet Partners Llc 10 percent owner V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Tian Huat Lim director V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Keat Hin Lee officer: Chief Financial Officer V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Chia Peter Chon Hian director V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Lai Oon Yeoh officer: Co-Chief Executive Officer V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Dharmendra Magasvaran officer: Co-Chief Executive Officer V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Hendrik Stoel director V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Gan Larry Nyap Liou director V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100