Corner Growth Acquisition Corp (COOL) - Net Assets
Based on the latest financial reports, Corner Growth Acquisition Corp (COOL) has net assets worth $-8.03 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 ($4.65 Million) and total liabilities ($12.68 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 Corner Growth Acquisition Corp (COOL) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-8.03 Million |
| % of Total Assets | -172.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 90.32 |
Corner Growth Acquisition Corp - Net Assets Trend (2020–2023)
This chart illustrates how Corner Growth Acquisition Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Corner Growth Acquisition Corp market capitalisation.
Annual Net Assets for Corner Growth Acquisition Corp (2020–2023)
The table below shows the annual net assets of Corner Growth Acquisition Corp from 2020 to 2023. Also explore COOL net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-8.03 Million | -224.59% |
| 2022-12-31 | $6.44 Million | -98.27% |
| 2021-12-31 | $372.43 Million | -4.14% |
| 2020-12-31 | $388.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Corner Growth 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 1245037500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.55 Million | % |
| Total Equity | $-8.03 Million | 100.00% |
Corner Growth Acquisition Corp Competitors by Market Cap
The table below lists competitors of Corner Growth Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Procaps Group SA
NASDAQ:PROC
|
$113.95 Million |
|
Hitejinro Holdings
KO:000140
|
$113.96 Million |
|
Borosil Scientific
NSE:BOROSCI
|
$114.01 Million |
|
Emvision Medical Devices Ltd
AU:EMV
|
$114.09 Million |
|
CTW Cayman Class A Ordinary Shares
NASDAQ:CTW
|
$113.90 Million |
|
United Recommend International Co Ltd
TWO:5321
|
$113.76 Million |
|
Sunspring Metal Corp
TW:2062
|
$113.73 Million |
|
San Juan Basin Royalty Trust
NYSE:SJT
|
$113.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Corner Growth Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,444,080 to -8,028,962, a change of -14,473,042 (-224.6%).
- Net loss of 3,489,963 reduced equity.
- Share repurchases of 11,347,734 reduced equity.
- Other factors increased equity by 364,655.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.49 Million | -43.47% |
| Share Repurchases | $11.35 Million | -141.34% |
| Other Changes | $364.65K | +4.54% |
| Total Change | $- | -224.59% |
Book Value vs Market Value Analysis
This analysis compares Corner Growth 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 |
|---|---|---|---|
| 2020-12-31 | $7.77 | $19.77 | x |
| 2021-12-31 | $7.45 | $19.77 | x |
| 2022-12-31 | $0.13 | $19.77 | x |
| 2023-12-31 | $-0.74 | $19.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Corner Growth 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 (145.23%), 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 | -0.03% | 0.00% | 0.00x | 1.04x | $-38.99 Million |
| 2021 | 1.49% | 0.00% | 0.00x | 1.08x | $-31.69 Million |
| 2022 | 579.46% | 0.00% | 0.00x | 2.45x | $36.70 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.69 Million |
Industry Comparison
This section compares Corner Growth Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $137,976,738
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Corner Growth Acquisition Corp (COOL) | $-8.03 Million | -0.03% | N/A | $113.94 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $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) | $150.91 Million | -0.31% | 0.00x | $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) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $457.80 Million | 1.29% | 11.31x | $399.13K |
| 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 Corner Growth Acquisition Corp
Corner Growth Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies in the technology industry in the United States and other developed countries. The company was incorporated in 2020 and is b… Read more