Horizon Space Acquisition I Corp. Ordinary Shares (HSPO) - Net Assets
Based on the latest financial reports, Horizon Space Acquisition I Corp. Ordinary Shares (HSPO) has net assets worth $17.23 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.12 Million) and total liabilities ($5.89 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. Read Horizon Space Acquisition I Corp. Ordina (HSPO) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $17.23 Million |
| % of Total Assets | 74.51% |
| Annual Growth Rate | -50.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 34.83 |
Horizon Space Acquisition I Corp. Ordinary Shares - Net Assets Trend (2022–2024)
This chart illustrates how Horizon Space Acquisition I Corp. Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Also explore Horizon Space Acquisition I Corp. Ordina balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Horizon Space Acquisition I Corp. Ordinary Shares (2022–2024)
The table below shows the annual net assets of Horizon Space Acquisition I Corp. Ordinary Shares from 2022 to 2024. For live valuation and market cap data, see HSPO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $16.93 Million | -74.12% |
| 2023-12-31 | $65.42 Million | -4.47% |
| 2022-12-31 | $68.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horizon Space Acquisition I Corp. Ordinary Shares'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 264434900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.32 Million | 125.92% |
| Total Equity | $16.93 Million | 100.00% |
Horizon Space Acquisition I Corp. Ordinary Shares Competitors by Market Cap
The table below lists competitors of Horizon Space Acquisition I Corp. Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Proteomics International Laboratories Ltd
AU:PIQ
|
$29.22 Million |
|
Seni Jaya Corporation Bhd
KLSE:9431
|
$29.22 Million |
|
Marti Otel Isletmeleri AS
IS:MARTI
|
$29.23 Million |
|
Tubos Reunidos S.A
MC:TRG
|
$29.27 Million |
|
YNH Property Bhd
KLSE:3158
|
$29.19 Million |
|
Quickstep Holdings Ltd
AU:QHL
|
$29.18 Million |
|
Telcon Inc
KQ:200230
|
$29.16 Million |
|
Power Solution Technologies Public Company Limited
BK:PSTC
|
$29.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Space Acquisition I Corp. Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 65,417,045 to 16,931,087, a change of -48,485,958 (-74.1%).
- Net income of 2,653,000 contributed positively to equity growth.
- Dividend payments of 3,171,545 reduced retained earnings.
- Share repurchases of 50,598,309 reduced equity.
- Other factors increased equity by 2,630,896.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.65 Million | +15.67% |
| Dividends Paid | $3.17 Million | -18.73% |
| Share Repurchases | $50.60 Million | -298.85% |
| Other Changes | $2.63 Million | +15.54% |
| Total Change | $- | -74.12% |
Book Value vs Market Value Analysis
This analysis compares Horizon Space Acquisition I Corp. Ordinary Shares'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: 5.62x
- 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 0.29x to 5.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $41.40 | $12.15 | x |
| 2023-12-31 | $9.67 | $12.15 | x |
| 2024-12-31 | $2.16 | $12.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Space Acquisition I Corp. Ordinary Shares 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): 15.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.26x
- Recent ROE (15.67%) is above the historical average (6.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -0.18% | 0.00% | 0.00x | 1.04x | $-6.97 Million |
| 2023 | 4.45% | 0.00% | 0.00x | 1.04x | $-3.63 Million |
| 2024 | 15.67% | 0.00% | 0.00x | 1.26x | $959.89K |
Industry Comparison
This section compares Horizon Space Acquisition I Corp. Ordinary Shares's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $224,857,490
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Space Acquisition I Corp. Ordinary Shares (HSPO) | $17.23 Million | -0.18% | 0.34x | $29.21 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $230.18 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.25 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $235.74 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $69.76 Million | 0.25% | 0.01x | $163.82 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $-4.24K | 0.00% | 0.00x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $115.20 Million | 2.86% | 0.05x | $49.57 Million |
About Horizon Space Acquisition I Corp. Ordinary Shares
Horizon Space Acquisition I Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.