JTAI (Jet AI) Cash And Cash Equivalents : $5.87 Mil (As of Dec. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Jet AI Cash And Cash Equivalents?

Jet AI's quarterly cash and cash equivalents increased from Jun. 2024 ($0.03 Mil) to Sep. 2024 ($0.31 Mil) and increased from Sep. 2024 ($0.31 Mil) to Dec. 2024 ($5.87 Mil).

Jet AI's annual cash and cash equivalents increased from Dec. 2022 ($1.53 Mil) to Dec. 2023 ($2.10 Mil) and increased from Dec. 2023 ($2.10 Mil) to Dec. 2024 ($5.87 Mil).

Jet AI Cash And Cash Equivalents Historical Data

The historical data trend for Jet AI'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.

Jet AI Cash And Cash Equivalents Chart

Jet AI Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

0.64

1.53

2.10

5.87

Jet AI Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial								2.10	0.10	0.03	0.31	5.87

Jet AI 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.

Jet AI (NAS:JTAI) 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.

Jet AI Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Jet AI's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Jet AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jet AI Inc (NAS:JTAI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

10845 Griffith Peak Drive, Suite 200, Las Vegas, NV, USA, 89135

Website

https://www.jettoken.com

Jet AI Inc is principally involved in the sale of jet cards, which enable holders to use certain aircraft owned, leased by, arranged, and/or managed by Jet Token and others at agreed-upon rates, as well as the sale of fractional interests in aircraft; and the operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third party carriers as well as via Jet Token's leased and managed aircraft.

Executives

Patrick Mcnulty	officer: Chief Operating Officer	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
George Iii Murnane	director, officer: INTERIM CFO	1945 AIRPORT ROAD SUIRE 200, ATLANTA GA 30341
Ehud Talmor	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Ran David	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Michael D. Winston	director, officer: EXEC. CHAIRMAN & INTERIM CEO	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Donald Jeffrey Woods	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
William L Yankus	director	10 PHEASANT HILL, FARMINGTON CT 06032
Allan S. Martin	director	401 EAST JACKSON STREET, SUITE 2370, TAMPA FL 33601
Sanjay Madhu	director, officer: CEO, President and Chairman	425 EAST DAVIS BLVD., TAMPA FL 33606
Wrendon Timothy	director, officer: CFO, Treas., Sec'y & Director	P.O. BOX 469, CAMANA BAY E9 KY1-9006
Oac Sponsor Ltd.	10 percent owner	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006
Jason Tk Butcher	director	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006