Montana Technologies (Montana Technologies) Cash And Cash Equivalents : $37.43 Mil (As of Mar. 2024)

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What is Montana Technologies Cash And Cash Equivalents?

Montana Technologies's quarterly cash and cash equivalents declined from Sep. 2023 ($1.33 Mil) to Dec. 2023 ($0.38 Mil) but then increased from Dec. 2023 ($0.38 Mil) to Mar. 2024 ($37.43 Mil).

Montana Technologies's annual cash and cash equivalents increased from Dec. 2021 ($3.09 Mil) to Dec. 2022 ($5.21 Mil) but then declined from Dec. 2022 ($5.21 Mil) to Dec. 2023 ($0.38 Mil).

Montana Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Montana Technologies'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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Montana Technologies Cash And Cash Equivalents Chart

Montana Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

3.09

5.21

0.38

Montana Technologies Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial			5.21	-	1.33	0.38	37.43

Montana Technologies 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.

Montana Technologies (NAS:AIRJ) 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.

Montana Technologies Cash And Cash Equivalents Related Terms

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Montana Technologies (Montana Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Montana Technologies Corp (NAS:AIRJ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

34361 Innovation Drive, Ronan, MT, USA, 59864

Website

https://www.mt.energy

Montana Technologies Corp is engaged in transformational technology that provides significant energy efficiency gains in air conditioning and comfort cooling applications, as well as a potential source of potable water, all through its proprietary "AirJoule" unit.

Montana Technologies (Montana Technologies) Headlines

From GuruFocus

Montana Technologies Corp. Announces Addition to Board of Directors and Names Chairman

By PRNewswire • 05-01-2024