Concord Acquisition II (Concord Acquisition II) Cash And Cash Equivalents : $0.08 Mil (As of Mar. 2024)

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What is Concord Acquisition II Cash And Cash Equivalents?

Concord Acquisition II's quarterly cash and cash equivalents declined from Sep. 2023 ($0.61 Mil) to Dec. 2023 ($0.36 Mil) but then stayed the same from Dec. 2023 ($0.36 Mil) to Mar. 2024 ($0.08 Mil).

Concord Acquisition II's annual cash and cash equivalents declined from Dec. 2021 ($1.76 Mil) to Dec. 2022 ($1.08 Mil) and declined from Dec. 2022 ($1.08 Mil) to Dec. 2023 ($0.36 Mil).

Concord Acquisition II Cash And Cash Equivalents Historical Data

The historical data trend for Concord Acquisition II'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.

* Premium members only.

Concord Acquisition II Cash And Cash Equivalents Chart

Concord Acquisition II Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.76

1.08

0.36

Concord Acquisition II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial								0.98	0.80	0.61	0.36	0.08

Concord Acquisition II 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.

Concord Acquisition II (AMEX:CNDA) 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.

Concord Acquisition II Cash And Cash Equivalents Related Terms

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Concord Acquisition II (Concord Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Concord Acquisition Corp II (AMEX:CNDA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

477 Madison Avenue, New York, NY, USA, 10022

Website

Concord Acquisition Corp II is a newly organized, blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Diamond Robert E. Jr.	director	BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Jeffrey Tuder	officer: Chief Executive Officer	6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Thomas C. King	director	C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Peter Ort	director	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Michele Cito	officer: Chief Financial Officer	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Henry Helgeson	director	477 MADISON AVENUE, C/O CONCORD ACQUISITION CORP., NEW YORK NY 10022
Concord Sponsor Group Ii Llc	10 percent owner	477 MADISON AVENUE, NEW YORK NY 10022

Concord Acquisition II (Concord Acquisition II) Headlines

From GuruFocus

Concord Acquisition Corp II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About October 22, 2021

By PRNewswire PRNewswire • 10-20-2021

Concord Acquisition Corp II Announces Closing of $250 Million Initial Public Offering

By PRNewswire PRNewswire • 09-07-2021