Adit Edtech Acquisition (Adit Edtech Acquisition) Cash per Share : $0.03 (As of Sep. 2023)

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What is Adit Edtech Acquisition Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Adit Edtech Acquisition's Cash per Share for the quarter that ended in Sep. 2023 was $0.03.

Adit Edtech Acquisition Cash per Share Historical Data

The historical data trend for Adit Edtech Acquisition's 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.

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Adit Edtech Acquisition Cash per Share Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Cash per Share

0.01

0.11

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash per Share	Get a 7-Day Free Trial							-	0.11	0.03	0.01	0.03

Adit Edtech Acquisition Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Adit Edtech Acquisition's Cash per Share for the fiscal year that ended in Dec. 2022 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	0.992	/	9.37
	=	0.11

Adit Edtech Acquisition's Cash per Share for the quarter that ended in Sep. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	0.226	/	8.90
	=	0.03

Adit Edtech Acquisition (AMEX:ADEX) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Adit Edtech Acquisition Cash per Share Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX) » Definitions » Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462