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Edify Acquisition (Edify Acquisition) Cash And Cash Equivalents : $0.06 Mil (As of Sep. 2023)


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What is Edify Acquisition Cash And Cash Equivalents?

Edify Acquisition's quarterly cash and cash equivalents declined from Mar. 2023 ($0.07 Mil) to Jun. 2023 ($0.06 Mil) but then stayed the same from Jun. 2023 ($0.06 Mil) to Sep. 2023 ($0.06 Mil).

Edify Acquisition's annual cash and cash equivalents increased from Dec. 2020 ($0.04 Mil) to Dec. 2021 ($0.07 Mil) but then stayed the same from Dec. 2021 ($0.07 Mil) to Dec. 2022 ($0.07 Mil).

Edify Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Edify 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.

Edify Acquisition Cash And Cash Equivalents Chart

Edify Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Cash And Cash Equivalents
0.04 0.07 0.07

Edify Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.07 0.07 0.06 0.06

Edify 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.

Edify Acquisition  (NAS:EAC) 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.

Edify Acquisition Cash And Cash Equivalents Related Terms

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Edify Acquisition (Edify Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Edify Acquisition Corp (NAS:EAC) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
EACPU:USA
Address
888 7th Avenue, Floor 29, New York, NY, USA, 10106
Website
https://www.edifyacq.com
Edify Acquisition Corp is a blank check company.
Executives
Peter Ma officer: Chief Executive Officer 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Rosamund M. Elsie-mitchell director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Ronald H. Schlosser director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Susan Wolford director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Morris Beyda officer: Chief Financial Officer 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Colodne director, 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Beckman director, 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Colbeck Edify Holdings, Llc 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106