GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (OTCPK:OTAC) » Definitions » Net Cash per Share

OceanTech Acquisitions I (OceanTech Acquisitions I) Net Cash per Share : $-3.24 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is OceanTech Acquisitions I Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). OceanTech Acquisitions I's Net Cash per Share for the quarter that ended in Dec. 2023 was $-3.24.

The historical rank and industry rank for OceanTech Acquisitions I's Net Cash per Share or its related term are showing as below:

OTAC's Price-to-Net-Cash is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Price-to-Net-Cash only.

OceanTech Acquisitions I Net Cash per Share Historical Data

The historical data trend for OceanTech Acquisitions I's Net Cash per Share 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.

OceanTech Acquisitions I Net Cash per Share Chart

OceanTech Acquisitions I Annual Data
Trend Dec21 Dec22 Dec23
Net Cash per Share
-0.99 -1.87 -3.24

OceanTech Acquisitions I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.87 -2.13 -3.03 -3.16 -3.24

Competitive Comparison of OceanTech Acquisitions I's Net Cash per Share

For the Shell Companies subindustry, OceanTech Acquisitions I's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


OceanTech Acquisitions I's Price-to-Net-Cash Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, OceanTech Acquisitions I's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where OceanTech Acquisitions I's Price-to-Net-Cash falls into.



OceanTech Acquisitions I Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

OceanTech Acquisitions I's Net Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as

Net Cash per Share (A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.101-11.434-0)/3.49748
=-3.24

OceanTech Acquisitions I's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

Net Cash per Share (Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.101-11.434-0)/3.49748
=-3.24

* 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.


OceanTech Acquisitions I  (OTCPK:OTAC) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


OceanTech Acquisitions I Net Cash per Share Related Terms

Thank you for viewing the detailed overview of OceanTech Acquisitions I's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Traded in Other Exchanges
N/A
Address
515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022
Website
OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Executives
Knuettel Ii Francis officer: Chief Financial Officer 205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Aspire Acquistion Llc 10 percent owner 515 MADISON AVE., SUITE 8078, NEW YORK NY 10022
Srinivasan Venkatesh director 2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan director 334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell director 17537 DARBY LANE, LUTZ FL 33558
Michael L Peterson director 17 CANARY COURT, DANVILLE CA 94526
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mitchell I Gordon director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Philippe Franchet director C/O OCEANTECH ACQUISITONS I CORP, 515 MADISON AVENUE, NEW YORK X1 1002
Ken Hickling officer: Chief Operations Officer C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Charles Baumgartner officer: Chief Financial Officer C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Joseph Adir director, 10 percent owner, officer: Chief Executive Officer C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Eric Blair director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Oceantech Acquisitions I Sponsors Llc 10 percent owner C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE8133, NEW YORK NY 10022

OceanTech Acquisitions I (OceanTech Acquisitions I) Headlines