Flame Acquisition (Flame Acquisition) Cash And Cash Equivalents : $209.10 Mil (As of Mar. 2024)

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What is Flame Acquisition Cash And Cash Equivalents?

Flame Acquisition's quarterly cash and cash equivalents declined from Sep. 2023 ($0.71 Mil) to Dec. 2023 ($0.27 Mil) but then increased from Dec. 2023 ($0.27 Mil) to Mar. 2024 ($209.10 Mil).

Flame Acquisition's annual cash and cash equivalents declined from Dec. 2021 ($0.32 Mil) to Dec. 2022 ($0.10 Mil) but then increased from Dec. 2022 ($0.10 Mil) to Dec. 2023 ($0.27 Mil).

Flame Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Flame 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.

* Premium members only.

Flame Acquisition Cash And Cash Equivalents Chart

Flame Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.01

0.32

0.10

0.27

Flame Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									0.13	0.09	0.71	0.27	209.10

Flame 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.

Flame Acquisition (NYSE:FLME.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.

Flame Acquisition Cash And Cash Equivalents Related Terms

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Flame Acquisition (Flame Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flame Acquisition Corp (NYSE:FLME.U) » Definitions » Cash And Cash Equivalents

Comparable Companies

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Traded in Other Exchanges

FLME:USA

Address

700 Milam Street, Suite 3300, Houston, TX, USA, 77002

Website

https://www.flameacq.com

Flame Acquisition Corp is a blank check company.

Executives

Global Icav Pilgrim	10 percent owner	21-23 CITY QUAY, RIVERVIEW HOUSE, DUBLIN L2 D2
Pilgrim Global Advisors Llc	10 percent owner	4785 CAUGHLIN PARKWAY, RENO NV 89519
Darren Maupin	10 percent owner	C/O PILGRIM GLOBAL ADVISORS LLC, 4785 CAUGHLIN PARKWAY, RENO NV 89519
James C Flores	director, 10 percent owner, officer: CEO & President	P.O. BOX 1083, HOUSTON TX 77251
Christopher Binyon Sarofim	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Gregory Phillip Pipkin	director	11227 SMITHDALE ROAD, HOUSTON TX 77024
Flame Acquisition Sponsor Llc	10 percent owner	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Gregory D. Patrinely	officer: CFO & Secretary	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Michael E. Dillard	director	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002

Flame Acquisition (Flame Acquisition) Headlines

From GuruFocus

Flame Acquisition Corp. Announces Stockholder Approval of Extension Proposal

By Business Wire • 08-31-2023

Flame Acquisition Corp. Announces Business Combination Transaction

By Business Wire Business Wire • 11-02-2022

Flame Acquisition Corp. Receives Expected NYSE Notice Regarding Delayed Form 10-Q Filing

By Business Wire Business Wire • 06-01-2021

Flame Acquisition Corp. Announces Stockholder Approval of Extension Proposal

By Business Wire Business Wire • 03-01-2023

Could Insider Buying Signal that Flame Acquisition Corp Is Undervalued?

By GuruFocus Research GuruFocus Editor • 12-09-2022