BOA Acquisition (BOA Acquisition) Cash, Cash Equivalents, Marketable Securities : $0.01 Mil (As of Jun. 2022)

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What is BOA Acquisition Cash, Cash Equivalents, Marketable Securities?

BOA Acquisition's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.76 Mil) to Mar. 2022 ($0.17 Mil) but then stayed the same from Mar. 2022 ($0.17 Mil) to Jun. 2022 ($0.01 Mil).

BOA Acquisition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.03 Mil) and increased from Dec. 2020 ($0.03 Mil) to Dec. 2021 ($0.76 Mil).

BOA Acquisition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for BOA Acquisition's Cash, Cash Equivalents, Marketable Securities 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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BOA Acquisition Cash, Cash Equivalents, Marketable Securities Chart

BOA Acquisition Annual Data

Trend

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

0.03

0.76

BOA Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			1.12	0.82	0.76	0.17	0.01

BOA Acquisition Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

BOA Acquisition (NYSE:BOAS) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

BOA Acquisition Cash, Cash Equivalents, Marketable Securities Related Terms

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BOA Acquisition (BOA Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » BOA Acquisition Corp (NYSE:BOAS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 Virginia Avenue NW, Suite T23 Management Office, Washington, WA, USA, 20037

Website

https://www.boaacquisition.com

BOA Acquisition Corp is a blank check company.

Executives

Shane Battier	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Scott J Seligman	director	ONE TOWNE SQUARE, SUITE 1913, SOUTHFIELD MI 48076
Lorron James	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Anthony Wanger	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Stephanie Zimmerman	officer: Treasurer	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Srikanth Batchu	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Jenny Abramson	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Benjamin A. Friedman	10 percent owner, officer: See Remarks	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Brian D Friedman	10 percent owner, officer: Chief Executive Officer & CIO	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Bet On America Llc	10 percent owner	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037