IX Acquisition (IX Acquisition) Cash And Cash Equivalents : $0.01 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is IX Acquisition Cash And Cash Equivalents?

IX Acquisition's quarterly cash and cash equivalents increased from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.02 Mil) but then stayed the same from Dec. 2023 ($0.02 Mil) to Mar. 2024 ($0.01 Mil).

IX Acquisition's annual cash and cash equivalents declined from Dec. 2021 ($0.61 Mil) to Dec. 2022 ($0.07 Mil) and declined from Dec. 2022 ($0.07 Mil) to Dec. 2023 ($0.02 Mil).

IX Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for IX 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.

IX Acquisition Cash And Cash Equivalents Chart

IX Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.61

0.07

0.02

IX Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.03	0.10	0.01	0.02	0.01

IX 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.

IX Acquisition (NAS:IXAQ) 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.

IX Acquisition Cash And Cash Equivalents Related Terms

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

IX Acquisition (IX Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » IX Acquisition Corp (NAS:IXAQ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salamanca Street, Arch 124, London, GBR, SE1 7HX

Website

https://www.ixacq.com

IX Acquisition Corp is a blank check company.

Executives

Henry Choi	director	53 DAVIES STREET, LONDON X0 W1K 5JH
Guy Willner	director, officer: Executive Chairman	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Noah Aptekar	director, officer: CFO, Chief Operations Officer	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Ix Acquisition Sponsor, Llc	10 percent owner	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Karen Bach	director, officer: Chief Executive Officer	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Victoria Reid	officer: Vice President	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Eduardo Marini	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Andrew Bartley	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Ian Spence	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Shannon Grewer	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711