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 $-4.87 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Million) and total liabilities ($6.10 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. Check Horizon Space Acquisition I Corp. Ordina (HSPO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-4.87 Million |
| % of Total Assets | -395.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 50.86 |
Horizon Space Acquisition I Corp. Ordinary Shares - Net Assets Trend (2022–2025)
This chart illustrates how Horizon Space Acquisition I Corp. Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Explore HSPO cash flow conversion to assess how effectively this company generates cash.
Annual Net Assets for Horizon Space Acquisition I Corp. Ordinary Shares (2022–2025)
The table below shows the annual net assets of Horizon Space Acquisition I Corp. Ordinary Shares from 2022 to 2025. For live valuation and market cap data, see HSPO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-4.87 Million | -128.74% |
| 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 430072300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.18 Million | % |
| Total Equity | $-6.05 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 |
|---|---|
|
Asia Precision Public Company Limited
BK:APCS
|
$29.21 Million |
|
Alarko Gayrimenkul Yatirim Ortakligi AS
IS:ALGYO
|
$29.22 Million |
|
Tubos Reunidos S.A
MC:TRG
|
$29.23 Million |
|
Sapmer
PA:ALMER
|
$29.26 Million |
|
Tondo Smart Ltd
TA:TNDO
|
$29.18 Million |
|
Quickstep Holdings Ltd
AU:QHL
|
$29.18 Million |
|
Serco Group
LSE:SRP
|
$29.18 Million |
|
Shanghai Sanmao Enterprise Group Co Ltd B
SHG:900922
|
$29.17 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 2024 to 2025, total equity changed from 16,931,087 to -6,045,378, a change of -22,976,465 (-135.7%).
- Net income of 1,187,960 contributed positively to equity growth.
- Dividend payments of 779,992 reduced retained earnings.
- Other factors decreased equity by 23,384,433.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.19 Million | +19.65% |
| Dividends Paid | $779.99K | -12.9% |
| Other Changes | $-23.38 Million | -386.82% |
| Total Change | $- | -135.71% |
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
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 |
| 2025-12-31 | $-3.83 | $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): 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 (4.98%), suggesting potential challenges in 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 |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $1.79 Million |
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: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Space Acquisition I Corp. Ordinary Shares (HSPO) | $-4.87 Million | -0.18% | N/A | $29.21 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 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.