Global Lights Acquisition Corp Unit
Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.
Global Lights Acquisition Corp Unit (GLACU) - Net Assets
Latest net assets as of September 2024: $69.62 Million USD
Based on the latest financial reports, Global Lights Acquisition Corp Unit (GLACU) has net assets worth $69.62 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 ($72.61 Million) and total liabilities ($2.99 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 | $69.62 Million |
| % of Total Assets | 95.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Global Lights Acquisition Corp Unit - Net Assets Trend (2021–2023)
This chart illustrates how Global Lights Acquisition Corp Unit's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Global Lights Acquisition Corp Unit (2021–2023)
The table below shows the annual net assets of Global Lights Acquisition Corp Unit from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $67.46 Million | +88307.31% |
| 2022-12-31 | $-76.48K | -2162.84% |
| 2021-12-31 | $-3.38K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Lights Acquisition Corp Unit'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 232713300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $208.00 | % |
| Other Comprehensive Income | $-208.00 | % |
| Other Components | $35.00 | % |
| Total Equity | $-2.33 Million | 100.00% |
Global Lights Acquisition Corp Unit Competitors by Market Cap
The table below lists competitors of Global Lights Acquisition Corp Unit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SRP Groupe SA
PA:SRP
|
$17.83 Million |
|
PN Poong Nyun Co. Ltd
KQ:024940
|
$17.83 Million |
|
Coffee Holding Co Inc
NASDAQ:JVA
|
$17.84 Million |
|
NEODECORTECH S.P.A. O.N.
F:FM2
|
$17.85 Million |
|
Communication & System Solution Public Company Limited
BK:CSS
|
$17.83 Million |
|
SEKER YATIRIM
IS:SKYMD
|
$17.82 Million |
|
Delticom AG
F:DEX
|
$17.82 Million |
|
Pureprofile Ltd
AU:PPL
|
$17.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Lights Acquisition Corp Unit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -76,484 to -2,330,478, a change of -2,253,994.
- Net income of 79,994 contributed positively to equity growth.
- New share issuances of 72,500,000 increased equity.
- Other comprehensive income decreased equity by 35.
- Other factors decreased equity by 74,833,953.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $79.99K | +3.43% |
| Share Issuances | $72.50 Million | +3110.95% |
| Other Comprehensive Income | $-35.00 | -0.0% |
| Other Changes | $-74.83 Million | -3211.1% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Global Lights Acquisition Corp Unit'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 | $0.00 | $11.00 | x |
| 2022-12-31 | $-0.01 | $11.00 | x |
| 2023-12-31 | $-0.89 | $11.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Lights Acquisition Corp Unit 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 (0.00%), 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 | 0.00% | 0.00% | 0.00x | 0.00x | $-9.80K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-65.63K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $313.04K |
Industry Comparison
This section compares Global Lights Acquisition Corp Unit'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 |
|---|---|---|---|---|
| Global Lights Acquisition Corp Unit (GLACU) | $69.62 Million | 0.00% | 0.04x | $17.83 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 |