ACAC (Acri Capital Acquisition) Cash And Cash Equivalents : $0.01 Mil (As of Jun. 2024)

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What is Acri Capital Acquisition Cash And Cash Equivalents?

Acri Capital Acquisition's quarterly cash and cash equivalents increased from Dec. 2023 ($0.05 Mil) to Mar. 2024 ($0.09 Mil) but then stayed the same from Mar. 2024 ($0.09 Mil) to Jun. 2024 ($0.01 Mil).

Acri Capital Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2022 ($0.55 Mil) but then declined from Dec. 2022 ($0.55 Mil) to Dec. 2023 ($0.05 Mil).

Acri Capital Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Acri Capital 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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Acri Capital Acquisition Cash And Cash Equivalents Chart

Acri Capital Acquisition Annual Data

Trend

Dec22

Dec23

Cash And Cash Equivalents

0.55

0.05

Acri Capital Acquisition Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.20	0.05	0.05	0.09	0.01

Acri Capital 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.

Acri Capital Acquisition (NAS:ACAC) 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.

Acri Capital Acquisition Cash And Cash Equivalents Related Terms

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Acri Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Acri Capital Acquisition Corp (NAS:ACAC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13284 Pond Springs Road, Suite 405, Austin, TX, USA, 78729

Website

http://www.acricapacquisition.com

Acri Capital Acquisition Corp is a newly organized blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Cubist Systematic Strategies, Llc	10 percent owner	72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Cohen Steven A/sac Capital Mgmt Lp	10 percent owner	C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Edmund R Miller	director	2000 S BAYSHORE DR, #40, COCONUT GROVE FL 33133
Joy Yi Hua	director, 10 percent owner, officer: CEO and Chairwoman	6406 WOODBOURNE LN, CROZET VA 22932
Acri Capital Sponsor Llc	10 percent owner	6406 WOODBOURNE LN, CROZET VA 22932
Hardin James Craig Jr.	director	136 GRACKLE LN, PAWLEY ISLANDS SC 29585
Andrew James Pierce	director	2961-A HUNTER MILL RD, #124, OAKTON VA 22124