Alpha Star Acquisition Corp (ALSA) - Net Assets
Based on the latest financial reports, Alpha Star Acquisition Corp (ALSA) has net assets worth $-2.25 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($724.39K) and total liabilities ($2.97 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. Check Alpha Star Acquisition Corp (ALSA) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-2.25 Million |
| % of Total Assets | -310.29% |
| 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 (2021–2025)
This chart illustrates how Alpha Star Acquisition Corp's net assets have evolved over time, based on quarterly financial data. See ALSA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Alpha Star Acquisition Corp (2021–2025)
The table below shows the annual net assets of Alpha Star Acquisition Corp from 2021 to 2025. For live valuation and market cap data, see how much is Alpha Star Acquisition Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-2.25 Million | +32.41% |
| 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 882848500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $721.28K | % |
| Other Components | $8.26 Million | % |
| Total Equity | $-2.25 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 |
|---|---|
|
Hopium SAS
PA:ALHPI
|
$2.10 Million |
|
MOBILUM TECHNOLOGIES INC.
F:C0B
|
$2.10 Million |
|
Therma Bright Inc
V:THRM
|
$2.10 Million |
|
British Smaller Companies Vct 2 Plc
LSE:BSC
|
$2.10 Million |
|
Nextferm Technologies Ltd
TA:NXFR
|
$2.09 Million |
|
707 Cayman Holdings Limited Ordinary Shares
NASDAQ:JEM
|
$2.09 Million |
|
CENTURION FIN.A-C ZY -10
F:6F4
|
$2.09 Million |
|
Constellation Technologies Ltd
AU:CT1
|
$2.09 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 2024 to 2025, total equity changed from -3,325,665 to -2,247,713, a change of 1,077,952.
- Net loss of 847,048 reduced equity.
- Dividend payments of 40,536 reduced retained earnings.
- Other factors increased equity by 1,965,536.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-847.05K | -37.68% |
| Dividends Paid | $40.54K | -1.8% |
| Other Changes | $1.97 Million | +87.45% |
| Total Change | $- | % |
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 | $0.51 | x |
| 2022-12-31 | $7.73 | $0.51 | x |
| 2023-12-31 | $7.73 | $0.51 | x |
| 2024-12-31 | $-0.94 | $0.51 | x |
| 2025-12-31 | $-99.18 | $0.51 | 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 (0.30%), 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 |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $-622.28K |
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: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alpha Star Acquisition Corp (ALSA) | $-2.25 Million | -0.05% | N/A | $2.10 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About 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