HNR Acquisition (HNR Acquisition) Cash And Cash Equivalents : $3.36 Mil (As of Mar. 2024)

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What is HNR Acquisition Cash And Cash Equivalents?

HNR Acquisition's quarterly cash and cash equivalents increased from Sep. 2023 ($0.64 Mil) to Dec. 2023 ($3.51 Mil) but then stayed the same from Dec. 2023 ($3.51 Mil) to Mar. 2024 ($3.36 Mil).

HNR Acquisition's annual cash and cash equivalents increased from Dec. 2021 ($0.04 Mil) to Dec. 2022 ($2.02 Mil) and increased from Dec. 2022 ($2.02 Mil) to Dec. 2023 ($3.51 Mil).

HNR Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for HNR 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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HNR Acquisition Cash And Cash Equivalents Chart

HNR Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.03

0.04

2.02

3.51

HNR 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									0.11	0.81	0.64	3.51	3.36

HNR 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.

HNR Acquisition (AMEX:HNRA) 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.

HNR Acquisition Cash And Cash Equivalents Related Terms

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HNR Acquisition (HNR Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HNR Acquisition Corp (AMEX:HNRA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098

Website

https://www.hnra-nyse.com

HNR Acquisition Corp is a blank check company.

Executives

Donald Goree	director, officer: Chief Executive Officer	101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Salvucci Joseph V Jr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Sr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald W Orr	director, officer: President	3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098