Integrated Rail and Resources Acquisition (Integrated Rail and Resources Acquisition) Cash And Cash Equivalents : $0.00 Mil (As of Dec. 2023)

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What is Integrated Rail and Resources Acquisition Cash And Cash Equivalents?

Integrated Rail and Resources Acquisition's quarterly cash and cash equivalents declined from Jun. 2023 ($0.06 Mil) to Sep. 2023 ($0.01 Mil) but then stayed the same from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.00 Mil).

Integrated Rail and Resources Acquisition's annual cash and cash equivalents declined from Dec. 2021 ($1.00 Mil) to Dec. 2022 ($0.05 Mil) and declined from Dec. 2022 ($0.05 Mil) to Dec. 2023 ($0.00 Mil).

Integrated Rail and Resources Acquisition Cash And Cash Equivalents Historical Data

The historical data trend for Integrated Rail and Resources 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.

* Premium members only.

Integrated Rail and Resources Acquisition Cash And Cash Equivalents Chart

Integrated Rail and Resources Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.00

0.05

Integrated Rail and Resources Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							0.05	0.19	0.06	0.01	-

Integrated Rail and Resources 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.

Integrated Rail and Resources Acquisition (OTCPK:IRRX) 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.

Integrated Rail and Resources Acquisition Cash And Cash Equivalents Related Terms

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Integrated Rail and Resources Acquisition (Integrated Rail and Resources Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Integrated Rail and Resources Acquisition Corp (OTCPK:IRRX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Morse Boulevard, Suite 220, Winter Park, FL, USA, 32789

Website

https://www.irr-x.com/

Integrated Rail and Resources 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

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jason C. Reeves	director	400 W. MORSE BOULEVARD, SUITE 220, WINTER PARK FL 32789
Ronald Curt Copley	director	400 W. MORSE BOULEVARD, SUITE 220, WINTER PARK FL 32789
Troy O Welch	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Didier Henry N Jr	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Robert L Bach	officer: General Counsel	101 COURAGEOUS DRIVE, LEAGUE CITY TX 77573
Nathan Asplund	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Chris A Bertel	officer: Chief Financial Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Richard D Bertel	director, officer: Chief Executive Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Michael Haeg	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Mark W Hemphill	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Timothy J Fisher	director, officer: Chief Acquisition Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Rollin D Bredenberg	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Mark A Michel	director, officer: Chief Operating Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109