Athena Consumer Acquisition (Athena Consumer Acquisition) Cash And Cash Equivalents : $0.01 Mil (As of Jun. 2023)

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What is Athena Consumer Acquisition Cash And Cash Equivalents?

Athena Consumer Acquisition's quarterly cash and cash equivalents declined from Dec. 2022 ($0.01 Mil) to Mar. 2023 ($0.01 Mil) but then stayed the same from Mar. 2023 ($0.01 Mil) to Jun. 2023 ($0.01 Mil).

Athena Consumer Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.85 Mil) but then declined from Dec. 2021 ($0.85 Mil) to Dec. 2022 ($0.01 Mil).

Athena Consumer Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Athena Consumer 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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Athena Consumer Acquisition Cash And Cash Equivalents Chart

Athena Consumer Acquisition Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

0.85

0.01

Athena Consumer Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.41	0.26	0.01	0.01	0.01

Athena Consumer 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.

Athena Consumer Acquisition (AMEX:ACAQ.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.

Athena Consumer Acquisition Cash And Cash Equivalents Related Terms

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Athena Consumer Acquisition (Athena Consumer Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Consumer Acquisition Corp (AMEX:ACAQ.U) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

442 5th Avenue, New York, NY, USA, 10018

Website

http://www.athenaconsumerspac.com

Athena Consumer Acquisition Corp is a blank check company.

Executives

Sarah M Kauss	director	611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Jennifer Carr-smith	officer: COO and President	28 LIBERTY STREET, NEW YORK NY 10005
Dee M Robinson	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Kay Koplovitz	director	KOPLOVITZ & CO. LLC, 145 CENTRAL PARK WEST, APT 24C, NEW YORK NY 10023
Isabelle D. Freidheim	director, 10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Consumer Acquisition Sponsor Llc	10 percent owner	442 5TH AVENUE, NEW YORK NY 10018
Angelina Smith	officer: Chief Financial Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018
Jane Hyo-sung Park	officer: Chief Executive Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018