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Far Peak Acquisition (Far Peak Acquisition) Cash And Cash Equivalents : $1.90 Mil (As of Dec. 2022)


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What is Far Peak Acquisition Cash And Cash Equivalents?

Far Peak Acquisition's quarterly cash and cash equivalents declined from Jun. 2022 ($2.42 Mil) to Sep. 2022 ($2.22 Mil) but then stayed the same from Sep. 2022 ($2.22 Mil) to Dec. 2022 ($1.90 Mil).

Far Peak Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Sep. 2021 ($0.17 Mil) and increased from Sep. 2021 ($0.17 Mil) to Sep. 2022 ($2.22 Mil).

Far Peak Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Far Peak 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.

Far Peak Acquisition Cash And Cash Equivalents Chart

Far Peak Acquisition Annual Data
Trend Sep21 Sep22
Cash And Cash Equivalents
0.17 2.22

Far Peak Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only 0.03 0.03 2.42 2.22 1.90

Far Peak 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.

Far Peak Acquisition  (NYSE:FPAC.U) 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.

Far Peak Acquisition Cash And Cash Equivalents Related Terms

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Far Peak Acquisition (Far Peak Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Far Peak Acquisition Corp (NYSE:FPAC.U) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
511 6th Avenue, No. 7342, New York, NY, USA, 10011
Website
https://www.farpeak.com
Far Peak Acquisition Corp is a blank check company. It is for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Nicole Seligman director C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Charles A Vice director 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Thomas W Farley director, officer: CEO, President and Chairman C/O: INTERCONTINENTALEXCHANGE, INC., 2100 RIVEREDGE PARKWAY, STE. 500, ATLANTA GA 30328
Stanley A Mcchrystal director C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
David Bonanno director, officer: CFO and Secretary 390 PARK AVENUE, NEW YORK NY 10022
Far Peak Llc 10 percent owner 480 6TH AVE, #342, NEW YORK NY 10011