Canna Global Acquisition Corp Asset Resilience Ratio
Canna Global Acquisition Corp asset resilience ratio. Canna Global Acquisition Corp (CNGL) has an Asset Resilience Ratio of 95.94% as of March 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Canna Global Acquisition Corp (CNGL) liquidity interval to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Canna Global Acquisition Corp (2022–2023)
Asset resilience ratio of Canna Global Acquisition Corp from 2022 to 2023. This chart shows how Canna Global Acquisition Corp's Asset Resilience Ratio has changed over time. Read Canna Global Acquisition Corp (CNGL) total liabilities for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Canna Global Acquisition Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see Canna Global Acquisition Corp (CNGL) total assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $12.30 Million | 95.94% |
| Total Liquid Assets | $12.30 Million | 95.94% |
Asset Resilience Insights
- Very High Liquidity: Canna Global Acquisition Corp maintains exceptional liquid asset reserves at 95.94% of total assets.
- This level provides strong protection against economic uncertainties but may indicate potential for more aggressive growth investments.
- The company has significant short-term investments, indicating active treasury management.
Canna Global Acquisition Corp Industry Peers by Asset Resilience Ratio
Compare Canna Global Acquisition Corp's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Drugs Made In America Acquisition Corp. Ordinary Shares
NASDAQ:DMAA |
Shell Companies | 244.91% |
|
Armada Acquisition Corp. II
NASDAQ:XRPN |
Shell Companies | 99.93% |
|
FIGX Capital Acquisition Corp. Class A Ordinary Share
NASDAQ:FIGX |
Shell Companies | 98.85% |
|
Quartzsea Acquisition Corporati
NASDAQ:QSEA |
Shell Companies | 0.72% |
|
FG Merger II Corp. Unit
NASDAQ:FGMCU |
Shell Companies | 1150.63% |
Canna Global Acquisition Corp Asset Resilience Ratio by Year (2022–2023)
Canna Global Acquisition Corp asset resilience ratio by year from 2022 to 2023. The table below shows the annual Asset Resilience Ratio data for Canna Global Acquisition Corp.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 98.17% | $12.30 Million | $12.53 Million | -1.48pp |
| 2022-12-31 | 99.65% | $24.60 Million | $24.69 Million | -- |
About Canna Global Acquisition Corp
Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to identify and acquire a business that focuses on the natural resources industry comprising oil and gas sectors. The company was incorporated in 2021 and is based in Marina De… Read more