Ares Acquisition (Ares Acquisition) Cash And Cash Equivalents : $0.06 Mil (As of Jun. 2023)

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What is Ares Acquisition Cash And Cash Equivalents?

Ares Acquisition's quarterly cash and cash equivalents increased from Dec. 2022 ($0.04 Mil) to Mar. 2023 ($0.09 Mil) but then stayed the same from Mar. 2023 ($0.09 Mil) to Jun. 2023 ($0.06 Mil).

Ares Acquisition's annual cash and cash equivalents increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.75 Mil) but then declined from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($0.04 Mil).

Ares Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Ares 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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Ares Acquisition Cash And Cash Equivalents Chart

Ares Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.75

0.04

Ares Acquisition Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.28	0.14	0.04	0.09	0.06

Ares 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.

Ares Acquisition (NYSE:AAC) 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.

Ares Acquisition Cash And Cash Equivalents Related Terms

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Ares Acquisition (Ares Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Ares Management LLC, 44th Floor, 245 Park Avenue, New York, NY, USA, 10167

Website

https://www.aresacquisitioncorporation.com

Ares Acquisition Corp is a blank check company.

Executives

Kathryn V Marinello	director	CERIDIAN CORPORATION, 3311 EAST OLD SHAKOPEE ROAD, MINNEAPOLIS MN 55425
Michael J Arougheti	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
David B Kaplan	director, officer: Chief Executive Officer	1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Felicia D Thornton	director	250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Jarrod Phillips	officer: Chief Financial Officer	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 100167
Stephen Brown Davis	director	1355 SANSOME STREET, SAN FRANCISCO CA 94111
Ares Acquisition Holdings Lp	10 percent owner	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Peter Ogilvie	officer: See Remarks	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Allyson Satin	officer: Chief Operating Officer	C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167