Compass Digital Acquisition Corp
Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector. Com… Read more
Compass Digital Acquisition Corp (CDAQ) - Net Assets
Latest net assets as of September 2024: $21.16 Million USD
Based on the latest financial reports, Compass Digital Acquisition Corp (CDAQ) has net assets worth $21.16 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.43 Million) and total liabilities ($6.26 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 | $21.16 Million |
| % of Total Assets | 77.16% |
| Annual Growth Rate | -47.6% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.0 |
Compass Digital Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Compass Digital 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 Compass Digital Acquisition Corp (2021–2023)
The table below shows the annual net assets of Compass Digital Acquisition Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $54.57 Million | -73.66% |
| 2022-12-31 | $207.17 Million | +4.34% |
| 2021-12-31 | $198.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Compass Digital 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 grown by 1248848800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $531.00 | % |
| Total Equity | $-1.37 Million | 100.00% |
Compass Digital Acquisition Corp Competitors by Market Cap
The table below lists competitors of Compass Digital Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Northern Graphite Corporation
OTCQB:NGPHF
|
$10.66 Million |
|
Israel Shipyards Ltd
TA:ISHI
|
$10.66 Million |
|
G11 Resources Ltd
AU:G11
|
$10.67 Million |
|
WELUF
PINK:WELUF
|
$10.67 Million |
|
TISCALI SPA
F:TIQ
|
$10.65 Million |
|
SWIFT ENERGY TECHNOLOGY BERHAD
KLSE:0337
|
$10.65 Million |
|
Dana Brata Luhur PT
JK:TEBE
|
$10.64 Million |
|
Andfjord Salmon AS
OL:ANDF
|
$10.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Compass Digital Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 207,165,862 to -1,369,057, a change of -208,534,919 (-100.7%).
- Net income of 4,386,322 contributed positively to equity growth.
- Share repurchases of 169,088 reduced equity.
- Other factors decreased equity by 212,752,153.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.39 Million | +320.39% |
| Share Repurchases | $169.09K | -12.35% |
| Other Changes | $-212.75 Million | -15540.05% |
| Total Change | $- | -100.66% |
Book Value vs Market Value Analysis
This analysis compares Compass Digital 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 | $7.48 | $10.85 | x |
| 2022-12-31 | $7.80 | $10.85 | x |
| 2023-12-31 | $-0.06 | $10.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Compass Digital 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 (1.25%), 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 | -0.74% | 0.00% | 0.00x | 1.08x | $-21.33 Million |
| 2022 | 4.49% | 0.00% | 0.00x | 1.05x | $-11.42 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $4.52 Million |
Industry Comparison
This section compares Compass Digital 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 |
|---|---|---|---|---|
| Compass Digital Acquisition Corp (CDAQ) | $21.16 Million | -0.74% | 0.30x | $10.65 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 |