ACAHU (Atlantic Coastal Acquisition) Total Assets : $38.57 Mil (As of Mar. 2023)

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What is Atlantic Coastal Acquisition Total Assets?

Atlantic Coastal Acquisition's Total Assets for the quarter that ended in Mar. 2023 was $38.57 Mil.

During the past 12 months, Atlantic Coastal Acquisition's average Total Assets Growth Rate was -89.30% per year.

Total Assets is connected with ROA %. Atlantic Coastal Acquisition's annualized ROA % for the quarter that ended in Mar. 2023 was 3.73%. Total Assets is also linked to Revenue through Asset Turnover. Atlantic Coastal Acquisition's Asset Turnover for the quarter that ended in Mar. 2023 was 0.00.

Atlantic Coastal Acquisition Total Assets Historical Data

The historical data trend for Atlantic Coastal Acquisition's Total Assets 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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Atlantic Coastal Acquisition Total Assets Chart

Atlantic Coastal Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.38

345.92

350.66

Atlantic Coastal Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Assets	Get a 7-Day Free Trial					345.46	345.66	348.30	350.66	38.57

Atlantic Coastal Acquisition Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Atlantic Coastal Acquisition's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	330.798	+	19.858
	=	350.66

Atlantic Coastal Acquisition's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	15.273	+	23.294
	=	38.57

Atlantic Coastal Acquisition (NAS:ACAHU) Total Assets Explanation

Total Assets is connected with ROA %.

Atlantic Coastal Acquisition's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	7.26	/	( (350.656	+	38.567)	/ 2 )
	=	7.26	/	194.6115
	=	3.73 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Atlantic Coastal Acquisition's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	0	/	( (350.656	+	38.567)	/ 2 )
=	0	/	194.6115
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Atlantic Coastal Acquisition Total Assets Related Terms

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Atlantic Coastal Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp (NAS:ACAHU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Saint Johns Lane, Floor 5, New York, NY, USA, 10013

Website

https://www.atlanticcoastalacquisition.com

Atlantic Coastal Acquisition Corp is a blank check company.

Executives

Dr. Chandra Panchal	director	303 RUE BAFFIN, DOLLARD DES ORMEAUX (DDO), QUEBEC A8 H9A 3G4
Anthony Porcheron	officer: Chief Executive Officer	EUROPEAN HEALTH TECHNOLOGY SPONSOR LLC, 401 DAWSON HOUSE, JEWRY STREET, LONDON X0 EC3N 2EX
Khash Erdene Gantumur	officer: Chief Financial Officer	277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014
Tseren Purev	director	277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014
Jason Chryssicas	officer: Chief Financial Officer	9 UPLAND LANE, ARMONK NY 10504
Burt Jordan	director, officer: President	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Daniel M. Tapiero	director	37 ROCK RIDGE AVE, GREENWICH CT 06831
Ronald C. Warrington	officer: CFO and Secretary	308 LOCUST STREET, SAN FRANCISCO CA 94118
Ned Sizer	officer: Chief Operating Officer	330 3RD AVENUE, SAN FRANCISCO CA 94118
Shahraab Ahmad	director, 10 percent owner, officer: Chairman and CEO	49 CATHCART ROAD, LONDON X0 SW10 9JE
Joanna Lord	director	215 6TH STREET SOUTH, KIRKLAND WA 98033
Anthony D. Eisenberg	director, officer: Chief Strategy Officer	700 LONE PINE, BLOOMFIELD HILLS MI 48304
Bryan Dove	director	6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Iqbaljit Kahlon	director	2144 GREEN STREET #12, SAN FRANCISCO CA 94123
Atlantic Coastal Acquisition Management Llc	10 percent owner	6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013