Atlantic Coastal Acquisition Corp II
Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in financial services industry and mobility sector. The company was incorporated in 2021 and is based in New York, New York. Atlantic Co… Read more
Atlantic Coastal Acquisition Corp II (ACAB) - Net Assets
Latest net assets as of June 2024: $-9.91 Million USD
Based on the latest financial reports, Atlantic Coastal Acquisition Corp II (ACAB) has net assets worth $-9.91 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.90 Million) and total liabilities ($17.81 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-9.91 Million |
| % of Total Assets | -125.5% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 641873.53 |
Atlantic Coastal Acquisition Corp II - Net Assets Trend (2021–2023)
This chart illustrates how Atlantic Coastal Acquisition Corp II's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Atlantic Coastal Acquisition Corp II (2021–2023)
The table below shows the annual net assets of Atlantic Coastal Acquisition Corp II from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-8.52 Million | -102.86% |
| 2022-12-31 | $297.92 Million | +1283644.21% |
| 2021-12-31 | $23.21K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Atlantic Coastal Acquisition Corp II's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1581407500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.29 Million | % |
| Total Equity | $-8.52 Million | 100.00% |
Atlantic Coastal Acquisition Corp II Competitors by Market Cap
The table below lists competitors of Atlantic Coastal Acquisition Corp II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Conquest Resources Limited
PINK:CQRLF
|
$2.44 Million |
|
OSI SYSTEMS (OS2.SG)
STU:OS2
|
$2.44 Million |
|
Boardwalktech Software Corp
OTCQB:BWLKF
|
$2.44 Million |
|
Green Earth Group N.V.
AS:HWK
|
$2.44 Million |
|
Hindusthan National Glass & Industries Limited
NSE:HINDNATGLS
|
$2.43 Million |
|
Stellar V Capital Corp. Warrant
NASDAQ:SVCCW
|
$2.43 Million |
|
PT Samcro Hyosung Adilestari T
JK:ACRO
|
$2.43 Million |
|
ITEX Corp
PINK:ITEX
|
$2.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atlantic Coastal Acquisition Corp II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 297,918,518 to -8,522,477, a change of -306,440,995 (-102.9%).
- Net income of 2,821,459 contributed positively to equity growth.
- Share repurchases of 276,471,460 reduced equity.
- Other factors decreased equity by 32,790,994.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.82 Million | +33.11% |
| Share Repurchases | $276.47 Million | -3244.03% |
| Other Changes | $-32.79 Million | -384.76% |
| Total Change | $- | -102.86% |
Book Value vs Market Value Analysis
This analysis compares Atlantic Coastal Acquisition Corp II's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $3.40 | x |
| 2022-12-31 | $7.94 | $3.40 | x |
| 2023-12-31 | $-0.45 | $3.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atlantic Coastal Acquisition Corp II utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-2.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -7.73% | 0.00% | 0.00x | 15.57x | $-4.11K |
| 2022 | 0.30% | 0.00% | 0.00x | 1.04x | $-28.90 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $3.67 Million |
Industry Comparison
This section compares Atlantic Coastal Acquisition Corp II's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $41,699,540
- Average return on equity (ROE) among peers: -71.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atlantic Coastal Acquisition Corp II (ACAB) | $-9.91 Million | -7.73% | N/A | $2.44 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |