Alpha Star Acquisition Corp
Alpha Star Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resourc… Read more
Alpha Star Acquisition Corp (ALSA) - Net Assets
Latest net assets as of June 2025: $-3.66 Million USD
Based on the latest financial reports, Alpha Star Acquisition Corp (ALSA) has net assets worth $-3.66 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($791.93K) and total liabilities ($4.46 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 | $-3.66 Million |
| % of Total Assets | -462.66% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 48.75 |
Alpha Star Acquisition Corp - Net Assets Trend (2021–2024)
This chart illustrates how Alpha Star Acquisition Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Alpha Star Acquisition Corp (2021–2024)
The table below shows the annual net assets of Alpha Star Acquisition Corp from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-3.33 Million | -102.92% |
| 2023-12-31 | $113.71 Million | 0.00% |
| 2022-12-31 | $113.71 Million | +0.98% |
| 2021-12-31 | $112.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alpha Star Acquisition Corp'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 798143700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $295.74K | % |
| Other Components | $6.76 Million | % |
| Total Equity | $-3.33 Million | 100.00% |
Alpha Star Acquisition Corp Competitors by Market Cap
The table below lists competitors of Alpha Star Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROCHE HLDG DR
MU:RHO5
|
$3.60 Million |
|
Errawarra Resources Ltd
AU:ERW
|
$3.60 Million |
|
Riley Gold Corp
OTCQB:RLYGF
|
$3.60 Million |
|
Eezy PLC
HE:EEZY
|
$3.60 Million |
|
Computer Forms (Malaysia) Bhd
KLSE:8044
|
$3.60 Million |
|
AFRIQUIA GAZ
BC:AFRIQUIA-GAZ
|
$3.60 Million |
|
LUPAKA GOLD CORP.
F:LQPA
|
$3.60 Million |
|
PROSPECT RIDGE RESOURCES
F:0ED
|
$3.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alpha Star Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 113,709,926 to -3,325,665, a change of -117,035,591 (-102.9%).
- Net income of 1,345,000 contributed positively to equity growth.
- Dividend payments of 2,258,472 reduced retained earnings.
- Share repurchases of 93,382,281 reduced equity.
- Other factors decreased equity by 22,739,838.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.34 Million | +40.44% |
| Dividends Paid | $2.26 Million | -67.91% |
| Share Repurchases | $93.38 Million | -2807.93% |
| Other Changes | $-22.74 Million | -683.77% |
| Total Change | $- | -102.92% |
Book Value vs Market Value Analysis
This analysis compares Alpha Star Acquisition Corp'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 | $7.66 | $9.00 | x |
| 2022-12-31 | $7.73 | $9.00 | x |
| 2023-12-31 | $7.73 | $9.00 | x |
| 2024-12-31 | $-0.94 | $9.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alpha Star Acquisition Corp 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 below the historical average (0.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.05% | 0.00% | 0.00x | 1.03x | $-11.31 Million |
| 2022 | 0.57% | 0.00% | 0.00x | 1.04x | $-10.73 Million |
| 2023 | 0.97% | 0.00% | 0.00x | 1.04x | $-10.26 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $1.68 Million |
Industry Comparison
This section compares Alpha Star Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alpha Star Acquisition Corp (ALSA) | $-3.66 Million | -0.05% | N/A | $3.60 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 |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| 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 |