Andretti Acquisition (Andretti Acquisition) Cash And Cash Equivalents : $0.16 Mil (As of Dec. 2023)

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What is Andretti Acquisition Cash And Cash Equivalents?

Andretti Acquisition's quarterly cash and cash equivalents declined from Jun. 2023 ($0.42 Mil) to Sep. 2023 ($0.16 Mil) but then increased from Sep. 2023 ($0.16 Mil) to Dec. 2023 ($0.16 Mil).

Andretti Acquisition's annual cash and cash equivalents increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.62 Mil) but then declined from Dec. 2022 ($0.62 Mil) to Dec. 2023 ($0.16 Mil).

Andretti Acquisition Cash And Cash Equivalents Historical Data

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

Andretti Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.62

0.16

Andretti Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							0.62	0.40	0.42	0.16	0.16

Andretti 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.

Andretti Acquisition (NYSE:WNNR) 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.

Andretti Acquisition Cash And Cash Equivalents Related Terms

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Andretti Acquisition (Andretti Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Andretti Acquisition Corp (NYSE:WNNR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

7615 Zionsville Road, Indianapolis, IN, USA, 46268

Website

https://andrettiacquisition.com

Andretti Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

William Matthew Brown	officer: See Remarks	331 N. MAIN ST., EULESS TX 76039
William J Sandbrook	director, officer: See Remarks	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
James W Keyes	director	4500 WESTGROVE DR. SUITE 222, ADDISON TX 75001
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Gerald D Putnam	director	100 SOUTH WACKER DRIVE, SUITE 1800, CHICAGO IL 60606
Michael Andretti	director, officer: See Remarks	4151 E. 96TH STREET, INDIANAPOLIS IN 46240
Andretti Sponsor Llc	director, 10 percent owner, officer: See Remarks	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
John J. Romanelli	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Zakary C. Brown	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268