Breeze Holdings Acquisition Corp (BREZ) - Net Assets
Based on the latest financial reports, Breeze Holdings Acquisition Corp (BREZ) has net assets worth $-19.05 Million USD as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.51 Million) and total liabilities ($32.56 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. See BREZ equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-19.05 Million |
| % of Total Assets | -141.04% |
| Annual Growth Rate | -70.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 35.73 |
Breeze Holdings Acquisition Corp - Net Assets Trend (2020–2023)
This chart illustrates how Breeze Holdings Acquisition Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Breeze Holdings Acquisition Corp stock valuation.
Annual Net Assets for Breeze Holdings Acquisition Corp (2020–2023)
The table below shows the annual net assets of Breeze Holdings Acquisition Corp from 2020 to 2023. Also explore Breeze Holdings Acquisition Corp (BREZ) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.97 Million | -73.51% |
| 2022-12-31 | $11.20 Million | -89.72% |
| 2021-12-31 | $108.96 Million | -7.14% |
| 2020-12-31 | $117.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Breeze Holdings 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 934744300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.65 Million | 426.43% |
| Total Equity | $2.97 Million | 100.00% |
Breeze Holdings Acquisition Corp Competitors by Market Cap
The table below lists competitors of Breeze Holdings Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coventry Group Ltd
AU:CYG
|
$43.30 Million |
|
BANXA HOLDINGS INC.
F:AC00
|
$43.31 Million |
|
Vinyl Chemicals (India) Limited
NSE:VINYLINDIA
|
$43.35 Million |
|
Taiwan Enterprise(Cayman)Co
TW:5906
|
$43.35 Million |
|
Korea Electronic Certification Authority Inc
KQ:041460
|
$43.29 Million |
|
NDL Ventures Limited
NSE:NDLVENTURE
|
$43.29 Million |
|
UNITEKNO Co.Ltd
KQ:241690
|
$43.28 Million |
|
Molecure S.A.
WAR:MOC
|
$43.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Breeze Holdings Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 11,198,394 to 2,966,008, a change of -8,232,386 (-73.5%).
- Net loss of 2,549,111 reduced equity.
- Share repurchases of 5,627,005 reduced equity.
- Other factors decreased equity by 56,270.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.55 Million | -85.94% |
| Share Repurchases | $5.63 Million | -189.72% |
| Other Changes | $-56.27K | -1.9% |
| Total Change | $- | -73.51% |
Book Value vs Market Value Analysis
This analysis compares Breeze Holdings 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
- Current price-to-book ratio: 15.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.26x to 15.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $8.02 | $10.07 | x |
| 2021-12-31 | $7.45 | $10.07 | x |
| 2022-12-31 | $1.20 | $10.07 | x |
| 2023-12-31 | $0.67 | $10.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Breeze Holdings 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): -85.94%
- 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: 4.47x
- Recent ROE (-85.94%) is below the historical average (-11.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -2.16% | 0.00% | 0.00x | 1.00x | $-14.27 Million |
| 2021 | 7.99% | 0.00% | 0.00x | 1.08x | $-2.19 Million |
| 2022 | 33.83% | 0.00% | 0.00x | 1.60x | $2.67 Million |
| 2023 | -85.94% | 0.00% | 0.00x | 4.47x | $-2.85 Million |
Industry Comparison
This section compares Breeze Holdings Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $203,465,471
- Average return on equity (ROE) among peers: -9.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Breeze Holdings Acquisition Corp (BREZ) | $-19.05 Million | -2.16% | N/A | $43.29 Million |
| Artius II Acquisition Inc. (AACB) | $214.29 Million | 0.06% | 0.07x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $214.29 Million | 0.06% | 0.07x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $147.40 Million | -2.46% | 0.02x | $256.50 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.71 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.44 Million |
| Ares Acquisition Corporation II (AACT) | $528.66 Million | 4.92% | 0.04x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $373.20 Million | -150.35% | 14.85x | $388.34K |
| Altenergy Acquisition Corp (AEAE) | $4.84 Million | 51.14% | 2.71x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $238.34 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $387.32 Million |
About Breeze Holdings Acquisition Corp
Breeze Holdings Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It focusses on acquiring businesses in the defense technology industry. The company was incorporated in 2020 and is based in Irving, Texas. Breeze Holdin… Read more