Black Mountain Acquisition (Black Mountain Acquisition) Total Assets : $52.85 Mil (As of Sep. 2023)

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What is Black Mountain Acquisition Total Assets?

Black Mountain Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $52.85 Mil.

During the past 12 months, Black Mountain Acquisition's average Total Assets Growth Rate was -81.50% per year.

Total Assets is connected with ROA %. Black Mountain Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was -1.97%. Total Assets is also linked to Revenue through Asset Turnover. Black Mountain Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Black Mountain Acquisition Total Assets Historical Data

The historical data trend for Black Mountain 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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Black Mountain Acquisition Total Assets Chart

Black Mountain Acquisition Annual Data

Trend

Dec21

Dec22

Total Assets

282.83

285.27

Black Mountain Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial						283.38	285.27	288.08	52.46	52.85

Black Mountain 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.

Black Mountain 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 )
	=	274.805	+	10.467
	=	285.27

Black Mountain Acquisition's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	38.183	+	14.67
	=	52.85

Black Mountain Acquisition (NYSE:BMAC) Total Assets Explanation

Total Assets is connected with ROA %.

Black Mountain Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-1.036	/	( (52.461	+	52.853)	/ 2 )
	=	-1.036	/	52.657
	=	-1.97 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Black Mountain Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (52.461	+	52.853)	/ 2 )
=	0	/	52.657
=	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.

Black Mountain Acquisition Total Assets Related Terms

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Black Mountain Acquisition (Black Mountain Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Black Mountain Acquisition Corp (NYSE:BMAC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Houston Street, Suite 4500, Fort Worth, TX, USA, 76102

Website

https://www.blackmountainaq.com

Black Mountain Acquisition Corp is a blank check company.

Executives

Mel G Riggs	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Stephen M. Straty	director	13355 NOEL ROAD, SUITE 1400, DALLAS TX 75240
Yates Charles W Iii	director	C/O SANTA MARIA ENERGY CORP, 2811 AIRPARK DRIVE, SANTA MARIA CA 93455
Black Mountain Sponsor Llc	10 percent owner	425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Rhett Bennett	director, 10 percent owner, officer: Chief Executive Officer	425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Jacob A Smith	director, 10 percent owner, officer: See Remarks	425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102

Black Mountain Acquisition (Black Mountain Acquisition) Headlines

From GuruFocus

Black Mountain Acquisition Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing November 12, 2021

By PRNewswire PRNewswire • 11-10-2021