Athena Technology Acquisition (Athena Technology Acquisition) Total Assets : $250.59 Mil (As of Sep. 2021)

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What is Athena Technology Acquisition Total Assets?

Athena Technology Acquisition's Total Assets for the quarter that ended in Sep. 2021 was $250.59 Mil.

Total Assets is connected with ROA %. Athena Technology Acquisition's annualized ROA % for the quarter that ended in Sep. 2021 was -9.17%. Total Assets is also linked to Revenue through Asset Turnover. Athena Technology Acquisition's Asset Turnover for the quarter that ended in Sep. 2021 was 0.00.

Athena Technology Acquisition Total Assets Historical Data

The historical data trend for Athena Technology Acquisition's Total Assets 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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Athena Technology Acquisition Total Assets Chart

Athena Technology Acquisition Annual Data

Trend

Dec20

Total Assets

0.04

Athena Technology Acquisition Quarterly Data
	Mar21	Jun21	Sep21
Total Assets	252.41	252.18	250.59

Athena Technology Acquisition Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Athena Technology Acquisition's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	0.024	+	0.018
	=	0.04

Athena Technology Acquisition's Total Assets for the quarter that ended in Sep. 2021 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2021 )	+	Total Liabilities (Q: Sep. 2021 )
	=	227.617	+	22.967
	=	250.58

Athena Technology Acquisition (NYSE:ATHN) Total Assets Explanation

Total Assets is connected with ROA %.

Athena Technology Acquisition's annualized ROA % for the quarter that ended in Sep. 2021 is

ROA %	=	Net Income (Q: Sep. 2021 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Sep. 2021 ))	/ count )
	=	-23.056	/	( (252.176	+	250.585)	/ 2 )
	=	-23.056	/	251.3805
	=	-9.17 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Athena Technology Acquisition's Asset Turnover for the quarter that ended in Sep. 2021 is

	Asset Turnover
=	Revenue (Q: Sep. 2021 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Sep. 2021 ))	/ count )
=	0	/	( (252.176	+	250.585)	/ 2 )
=	0	/	251.3805
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Athena Technology Acquisition Total Assets Related Terms

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Athena Technology Acquisition (Athena Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Technology Acquisition Corp (NYSE:ATHN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Townpark Drive, Suite 300, Kennesaw, GA, USA, 30144

Website

https://www.athena1.com

Athena Technology Acquisition Corp is a newly organized blank check company. It is 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.