Trine Acquisition (Trine Acquisition) Cash And Cash Equivalents : $0.09 Mil (As of Sep. 2020)

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What is Trine Acquisition Cash And Cash Equivalents?

Trine Acquisition's quarterly cash and cash equivalents declined from Mar. 2020 ($0.08 Mil) to Jun. 2020 ($0.06 Mil) but then increased from Jun. 2020 ($0.06 Mil) to Sep. 2020 ($0.09 Mil).

Trine Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2018 ($0.12 Mil) and increased from Dec. 2018 ($0.12 Mil) to Dec. 2019 ($0.14 Mil).

Trine Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Trine 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.

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Trine Acquisition Cash And Cash Equivalents Chart

Trine Acquisition Annual Data

Trend

Dec18

Dec19

Cash And Cash Equivalents

0.12

0.14

Trine Acquisition Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.59	0.14	0.08	0.06	0.09

Trine 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.

Trine Acquisition (NYSE:TRNE) 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.

Trine Acquisition Cash And Cash Equivalents Related Terms

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Trine Acquisition (Trine Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine Acquisition Corp (NYSE:TRNE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Lexington Avenue, 48th Floor, The Chrysler Building, New York, NY, USA, 10174

Website

https://www.trineacquisitioncorp.com

Trine Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.