SOAR Technology Acquisition (SOAR Technology Acquisition) Cash And Cash Equivalents : $0.91 Mil (As of Sep. 2022)

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What is SOAR Technology Acquisition Cash And Cash Equivalents?

SOAR Technology Acquisition's quarterly cash and cash equivalents declined from Mar. 2022 ($1.46 Mil) to Jun. 2022 ($1.30 Mil) but then stayed the same from Jun. 2022 ($1.30 Mil) to Sep. 2022 ($0.91 Mil).

SOAR Technology Acquisition's annual cash and cash equivalents stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Dec. 2021 ($1.49 Mil).

SOAR Technology Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for SOAR Technology 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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SOAR Technology Acquisition Cash And Cash Equivalents Chart

SOAR Technology Acquisition Annual Data

Trend

Dec21

Cash And Cash Equivalents

1.49

SOAR Technology Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.74	1.49	1.46	1.30	0.91

SOAR Technology 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.

SOAR Technology Acquisition (NYSE:FLYA) 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.

SOAR Technology Acquisition Cash And Cash Equivalents Related Terms

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SOAR Technology Acquisition (SOAR Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SOAR Technology Acquisition Corp (NYSE:FLYA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

228 Park Avenue S, PMB 74335, New York, NY, USA, 10003

Website

https://www.soartechnologyacq.com

SOAR Technology Acquisition Corp is a blank check company.

Executives

Peter M Kern	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Patrick Pichette	director	2660 BAY MEADOW, ST LAZARE, QUEBEC CANADA A8 00000
Vicky Bathija	officer: See Remarks	2000 PONCE DE LEON BLVD., SUITE 500, CORAL GABLES FL 33134
Mark J Coleman	officer: See Remarks	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Soar Technology Sponsor, Lp	10 percent owner	228 PARK AVE S PMB 74335, NEW YORK NY 10003-1502
Jpk Seed Capital, Llc	10 percent owner	228 PARK AVENUE S PMB 99312, NEW YORK NY 10003-1502
Joe Poulin	director, 10 percent owner, officer: Chief Executive Officer	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Martha J Tredgett	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Chris Arsenault	director	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Greg W. Greeley	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174

SOAR Technology Acquisition (SOAR Technology Acquisition) Headlines

From GuruFocus

SOAR Technology Acquisition Corp. Intends to Extend Period to Consummate Initial Business Combination

By Business Wire Business Wire • 12-01-2022

SOAR Technology Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing November 8, 2021

By Business Wire Business Wire • 11-06-2021

SOAR Technology Acquisition Corp. Announces Liquidation

By Business Wire Business Wire • 12-20-2022

SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 09-20-2021