Black Mountain Acquisition (Black Mountain Acquisition) Cash And Cash Equivalents : $0.47 Mil (As of Sep. 2023)

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What is Black Mountain Acquisition Cash And Cash Equivalents?

Black Mountain Acquisition's quarterly cash and cash equivalents increased from Mar. 2023 ($0.08 Mil) to Jun. 2023 ($0.54 Mil) but then stayed the same from Jun. 2023 ($0.54 Mil) to Sep. 2023 ($0.47 Mil).

Black Mountain Acquisition's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.90 Mil) but then declined from Dec. 2021 ($0.90 Mil) to Dec. 2022 ($0.29 Mil).

Black Mountain Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Black Mountain 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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Black Mountain Acquisition Cash And Cash Equivalents Chart

Black Mountain Acquisition Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

0.90

0.29

Black Mountain Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.40	0.29	0.08	0.54	0.47

Black Mountain 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.

Black Mountain Acquisition (NYSE:BMAC.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.

Black Mountain Acquisition Cash And Cash Equivalents Related Terms

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Black Mountain Acquisition (Black Mountain Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Black Mountain Acquisition Corp (NYSE:BMAC.U) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Houston Street, Suite 4500, Fort Worth, TX, USA, 76102

Website

https://www.blackmountainaq.com

Black Mountain Acquisition Corp is a blank check company.

Black Mountain Acquisition (Black Mountain Acquisition) Headlines

From GuruFocus

Black Mountain Acquisition Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing November 12, 2021

By PRNewswire PRNewswire • 11-10-2021